Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for IRONNET INC (IRNT) for the 26-Nov-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. IRNT was recently trading at $10.57 and has an implied volatility of 86.35% for this period. Based on an analysis of the options available for IRNT expiring on 26-Nov-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $8.02-$10.57 at expiration. In this scenario, the average linear return for the trade would be 91.67%. Big -7.36% Change: After closing the last trading session at $11.41, IRONNET INC opened today at $11.09 and has reached a low of $10.57. Trade approach: A movement as big as -7.36% is a significantly bearish indicator, so this trade is designed to be profitable if IRNT maintains its current direction and does not revert back to pricing on the bullish side of $10.57 on 26-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 IRONNET INC closes at or below $15.67 on 26-Nov-2021. Based on our risk-neutral analysis, there is a 92.30% 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.