Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Secured Put trade opportunity for FREQUENCY THERAPEUTICS INC. COMMON STOCK (FREQ) for the 20-Nov-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. FREQ was recently trading at $21.80 and has an implied volatility of 108.08% for this period. Based on an analysis of the options available for FREQ expiring on 20-Nov-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $21.80-$30.52 at expiration. In this scenario, the average linear return for the trade would be 13.17%. Big 7.65% Change: After closing the last trading session at $20.25, FREQUENCY THERAPEUTICS INC. COMMON STOCK opened today at $20.34 and has reached a high of $22.27. Trade approach: A movement as big as 7.65% is a significantly bullish indicator, so this trade is designed to be profitable if FREQ maintains its current direction and does not revert back to pricing on the bearish side of $21.80 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 bullish strategy, the trade would be profitable if FREQUENCY THERAPEUTICS INC. COMMON STOCK closes at or above $21.40 on 20-Nov-2020. Based on our risk-neutral analysis, there is a 52.21% 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.