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 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. INO was recently trading at $11.77 and has an implied volatility of 143.77% for this period. Based on an analysis of the options available for INO expiring on 16-Oct-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $6.90-$11.77 at expiration. In this scenario, the average linear return for the trade would be 379.71%. Big -7.54% Change: After closing the last trading session at $12.73, INOVIO PHARMACEUTICALS INC. C opened today at $12.28 and has reached a low of $11.70. Trade approach: A movement as big as -7.54% 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 $11.77 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 INOVIO PHARMACEUTICALS INC. C closes at or below $17.31 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 76.50% 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.