Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for QEP RESOURCES (QEP) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. QEP was recently trading at $1.22 and has an implied volatility of 136.42% for this period. Based on an analysis of the options available for QEP expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $0.71-$1.22 at expiration. In this scenario, the average linear return for the trade would be 53.93%. Big -7.58% Change: After closing the last trading session at $1.32, QEP RESOURCES opened today at $1.25 and has reached a low of $1.22. Trade approach: A movement as big as -7.58% is a significantly bearish indicator, so this trade is designed to be profitable if QEP maintains its current direction and does not revert back to pricing on the bullish side of $1.22 on 16-Oct-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 QEP RESOURCES closes at or below $1.32 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 55.83% 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.