Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for TUSIMPLE HOLDINGS INC. CLASS A COMMON STOCK (TSP) for the 15-Oct-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. TSP was recently trading at $44.96 and has an implied volatility of 114.96% for this period. Based on an analysis of the options available for TSP expiring on 15-Oct-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $29.85-$44.96 at expiration. In this scenario, the average linear return for the trade would be 100.00%. Big -10.08% Change: After closing the last trading session at $50.00, TUSIMPLE HOLDINGS INC. CLASS A COMMON STOCK opened today at $49.63 and has reached a low of $44.93. Trade approach: A movement as big as -10.08% is a significantly bearish indicator, so this trade is designed to be profitable if TSP maintains its current direction and does not revert back to pricing on the bullish side of $44.96 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 TUSIMPLE HOLDINGS INC. CLASS A COMMON STOCK closes at or below $63.72 on 15-Oct-2021. Based on our risk-neutral analysis, there is a 80.25% 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.