Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for HYSTER-YALE MATERIALS (HY) for the 19-Jun-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. HY was recently trading at $32.67 and has an implied volatility of 58.09% for this period. Based on an analysis of the options available for HY expiring on 19-Jun-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $26.70-$32.69 at expiration. In this scenario, the average linear return for the trade would be 17.90%. 52 week low: HYSTER-YALE MATERIALS recently reached a new 52-week low at $32.67. HY had traded in the range $32.77-$65.41 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 HY maintains its current direction and does not revert back to pricing on the bullish side of $32.67 on 19-Jun-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 HYSTER-YALE MATERIALS closes at or below $32.72 on 19-Jun-2020. Based on our risk-neutral analysis, there is a 50.21% 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.