Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for DAVE & BUSTERS ENTERTAINMENT (PLAY) for the 20-Nov-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. PLAY was recently trading at $15.71 and has an implied volatility of 111.48% for this period. Based on an analysis of the options available for PLAY expiring on 20-Nov-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $9.84-$15.71 at expiration. In this scenario, the average linear return for the trade would be 564.44%. Big -17.83% Change: After closing the last trading session at $19.11, DAVE & BUSTERS ENTERTAINMENT opened today at $16.42 and has reached a low of $14.91. Trade approach: A movement as big as -17.83% is a significantly bearish indicator, so this trade is designed to be profitable if PLAY maintains its current direction and does not revert back to pricing on the bullish side of $15.71 on 20-Nov-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 DAVE & BUSTERS ENTERTAINMENT closes at or below $23.40 on 20-Nov-2020. Based on our risk-neutral analysis, there is a 80.27% 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.