Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for CUREVAC N.V. (CVAC) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. CVAC was recently trading at $76.90 and has an implied volatility of 95.22% for this period. Based on an analysis of the options available for CVAC expiring on 15-Jan-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $52.40-$76.92 at expiration. In this scenario, the average linear return for the trade would be 279.01%. Big -10.25% Change: After closing the last trading session at $85.68, CUREVAC N.V. opened today at $71.50 and has reached a low of $70.16. Trade approach: A movement as big as -10.25% is a significantly bearish indicator, so this trade is designed to be profitable if CVAC maintains its current direction and does not revert back to pricing on the bullish side of $76.90 on 15-Jan-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 CUREVAC N.V. closes at or below $111.30 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 83.21% 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.