Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for GOLAR LNG (GLNG) for the 15-May-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. GLNG was recently trading at $5.53 and has an implied volatility of 148.31% for this period. Based on an analysis of the options available for GLNG expiring on 15-May-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $3.42-$5.54 at expiration. In this scenario, the average linear return for the trade would be 48.42%. 52 week low: GOLAR LNG recently reached a new 52-week low at $5.51. GLNG had traded in the range $5.60-$21.97 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 GLNG maintains its current direction and does not revert back to pricing on the bullish side of $5.53 on 15-May-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 GOLAR LNG closes at or below $6.12 on 15-May-2020. Based on our risk-neutral analysis, there is a 58.26% 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.