Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for BEYOND MEAT INC. COMMON STOCK (BYND) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. BYND was recently trading at $118.42 and has an implied volatility of 58.26% for this period. Based on an analysis of the options available for BYND expiring on 19-Feb-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $87.16-$118.48 at expiration. In this scenario, the average linear return for the trade would be 308.17%. Big -21.32% Change: After closing the last trading session at $150.50, BEYOND MEAT INC. COMMON STOCK opened today at $118.92 and has reached a low of $113.26. Trade approach: A movement as big as -21.32% is a significantly bearish indicator, so this trade is designed to be profitable if BYND maintains its current direction and does not revert back to pricing on the bullish side of $118.42 on 19-Feb-2021. 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 BEYOND MEAT INC. COMMON STOCK closes at or below $176.98 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 90.44% 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.