Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for GENIUS BRANDS INTERNATIONAL INC. COMMON STOCK (GNUS) for the 12-Nov-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. GNUS was recently trading at $1.53 and has an implied volatility of 194.16% for this period. Based on an analysis of the options available for GNUS expiring on 12-Nov-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $1.01-$1.53 at expiration. In this scenario, the average linear return for the trade would be 45.72%. Big -18.18% Change: After closing the last trading session at $1.87, GENIUS BRANDS INTERNATIONAL INC. COMMON STOCK opened today at $2.08 and has reached a low of $1.53. Trade approach: A movement as big as -18.18% is a significantly bearish indicator, so this trade is designed to be profitable if GNUS maintains its current direction and does not revert back to pricing on the bullish side of $1.53 on 12-Nov-2021. 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 GENIUS BRANDS INTERNATIONAL INC. COMMON STOCK closes at or below $1.75 on 12-Nov-2021. Based on our risk-neutral analysis, there is a 62.82% 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.