Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for INOVIO PHARMACEUTICALS INC. C (INO) for the 7-Aug-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. INO was recently trading at $22.46 and has an implied volatility of 161.46% for this period. Based on an analysis of the options available for INO expiring on 7-Aug-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $16.31-$22.46 at expiration. In this scenario, the average linear return for the trade would be 116.64%. Big -8.62% Change: After closing the last trading session at $24.58, INOVIO PHARMACEUTICALS INC. C opened today at $23.05 and has reached a low of $21.52. Trade approach: A movement as big as -8.62% is a significantly bearish indicator, so this trade is designed to be profitable if INO maintains its current direction and does not revert back to pricing on the bullish side of $22.46 on 7-Aug-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 INOVIO PHARMACEUTICALS INC. C closes at or below $32.91 on 7-Aug-2020. Based on our risk-neutral analysis, there is a 88.35% 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.