Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for MACK-CALI REALTY (CLI) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. CLI was recently trading at $12.45 and has an implied volatility of 50.77% for this period. Based on an analysis of the options available for CLI expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $10.98-$12.45 at expiration. In this scenario, the average linear return for the trade would be 12.69%. 52 week low: MACK-CALI REALTY recently reached a new 52-week low at $12.25. CLI had traded in the range $12.26-$23.89 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 CLI maintains its current direction and does not revert back to pricing on the bullish side of $12.45 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 MACK-CALI REALTY closes at or below $12.54 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 52.26% 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.