Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for COTY INC (COTY) for the 30-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. COTY was recently trading at $3.05 and has an implied volatility of 81.89% for this period. Based on an analysis of the options available for COTY expiring on 30-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $2.33-$3.05 at expiration. In this scenario, the average linear return for the trade would be 25.07%. 52 week low: COTY INC recently reached a new 52-week low at $3.00. COTY had traded in the range $3.02-$13.42 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 COTY maintains its current direction and does not revert back to pricing on the bullish side of $3.05 on 30-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 COTY INC closes at or below $3.09 on 30-Oct-2020. Based on our risk-neutral analysis, there is a 51.91% 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.