Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for TESLA INC. (TSLA) for the 17-Apr-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. TSLA was recently trading at $617.68 and has an implied volatility of 88.73% for this period. Based on an analysis of the options available for TSLA expiring on 17-Apr-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $450.60-$619.03 at expiration. In this scenario, the average linear return for the trade would be 88.44%. Big -9.03% Change: After closing the last trading session at $679.00, TESLA INC. opened today at $629.70 and has reached a low of $611.52. Trade approach: A movement as big as -9.03% is a significantly bearish indicator, so this trade is designed to be profitable if TSLA maintains its current direction and does not revert back to pricing on the bullish side of $617.68 on 17-Apr-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 TESLA INC. closes at or below $923.06 on 17-Apr-2020. Based on our risk-neutral analysis, there is a 89.58% 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.