Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for BIODELIVERY SCIENCES (BDSI) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. BDSI was recently trading at $4.70 and has an implied volatility of 121.50% for this period. Based on an analysis of the options available for BDSI expiring on 16-Oct-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $2.92-$4.70 at expiration. In this scenario, the average linear return for the trade would be 38.77%. Big -8.47% Change: After closing the last trading session at $5.13, BIODELIVERY SCIENCES opened today at $5.00 and has reached a low of $4.67. Trade approach: A movement as big as -8.47% is a significantly bearish indicator, so this trade is designed to be profitable if BDSI maintains its current direction and does not revert back to pricing on the bullish side of $4.70 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 BIODELIVERY SCIENCES closes at or below $4.95 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 54.30% 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.