Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for GENERATION BIO CO. COMMON STOCK (GBIO) for the 15-Oct-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. GBIO was recently trading at $24.11 and has an implied volatility of 74.16% for this period. Based on an analysis of the options available for GBIO expiring on 15-Oct-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $19.61-$24.11 at expiration. In this scenario, the average linear return for the trade would be 19.19%. Big -11.31% Change: After closing the last trading session at $27.18, GENERATION BIO CO. COMMON STOCK opened today at $26.62 and has reached a low of $23.55. Trade approach: A movement as big as -11.31% is a significantly bearish indicator, so this trade is designed to be profitable if GBIO maintains its current direction and does not revert back to pricing on the bullish side of $24.11 on 15-Oct-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 GENERATION BIO CO. COMMON STOCK closes at or below $24.26 on 15-Oct-2021. Based on our risk-neutral analysis, there is a 51.22% 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.