Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for LITHIUM AMERICAS INC (LAC) for the 20-Nov-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. LAC was recently trading at $11.02 and has an implied volatility of 130.18% for this period. Based on an analysis of the options available for LAC expiring on 20-Nov-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $9.74-$11.02 at expiration. In this scenario, the average linear return for the trade would be 13.53%. Big -7.79% Change: After closing the last trading session at $11.95, LITHIUM AMERICAS INC opened today at $11.94 and has reached a low of $10.96. Trade approach: A movement as big as -7.79% is a significantly bearish indicator, so this trade is designed to be profitable if LAC maintains its current direction and does not revert back to pricing on the bullish side of $11.02 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 LITHIUM AMERICAS INC closes at or below $11.16 on 20-Nov-2020. Based on our risk-neutral analysis, there is a 54.09% 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.