Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for SOUTHWESTERN ENERGY (SWN) for the 23-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SWN was recently trading at $4.28 and has an implied volatility of 66.15% for this period. Based on an analysis of the options available for SWN expiring on 23-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $3.73-$4.28 at expiration. In this scenario, the average linear return for the trade would be 13.78%. Big -9.04% Change: After closing the last trading session at $4.70, SOUTHWESTERN ENERGY opened today at $4.65 and has reached a low of $4.23. Trade approach: A movement as big as -9.04% is a significantly bearish indicator, so this trade is designed to be profitable if SWN maintains its current direction and does not revert back to pricing on the bullish side of $4.28 on 23-Apr-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 SOUTHWESTERN ENERGY closes at or below $4.36 on 23-Apr-2021. Based on our risk-neutral analysis, there is a 55.76% 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.