Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for LIBERTY GLOBAL PLC LILAC CLASS A ORDINARY SHARES (LILA) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. LILA was recently trading at $7.95 and has an implied volatility of 56.32% for this period. Based on an analysis of the options available for LILA expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $6.78-$7.95 at expiration. In this scenario, the average linear return for the trade would be 14.17%. 52 week low: LIBERTY GLOBAL PLC LILAC CLASS A ORDINARY SHARES recently reached a new 52-week low at $7.87. LILA had traded in the range $8.21-$19.91 over the past year. Trade approach: Reaching a new 52-week low is a bearish indicator, so this trade is designed to be profitable if LILA maintains its current direction and does not revert back to pricing on the bullish side of $7.95 on 16-Oct-2020. If possible, the trade has been padded such that slight movement against the trade would still return a profit. Upside potential: Using this bearish strategy, the trade would be profitable if LIBERTY GLOBAL PLC LILAC CLASS A ORDINARY SHARES closes at or below $8.13 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 55.55% likelihood of this return. Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment. To analyze this trade in depth, please visit the Quantcha Options Search Engine.