Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for SEA LTD ADS (SE) for the 25-Feb-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SE was recently trading at $172.48 and has an implied volatility of 67.81% for this period. Based on an analysis of the options available for SE expiring on 25-Feb-2022, there is a 34.13% likelihood that the underlying will close within the analyzed range of $138.48-$172.49 at expiration. In this scenario, the average linear return for the trade would be 77.99%. 52 week low: SEA LTD ADS recently reached a new 52-week low at $166.30. SE had traded in the range $168.00-$372.70 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 SE maintains its current direction and does not revert back to pricing on the bullish side of $172.48 on 25-Feb-2022. 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 SEA LTD ADS closes at or below $256.63 on 25-Feb-2022. Based on our risk-neutral analysis, there is a 96.48% 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.