Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for GOODRX HOLDINGS INC. CLASS A COMMON STOCK (GDRX) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. GDRX was recently trading at $34.20 and has an implied volatility of 88.75% for this period. Based on an analysis of the options available for GDRX expiring on 15-Jan-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $23.99-$34.21 at expiration. In this scenario, the average linear return for the trade would be 198.86%. 52 week low: GOODRX HOLDINGS INC. CLASS A COMMON STOCK recently reached a new 52-week low at $33.51. GDRX had traded in the range $45.50-$64.22 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 GDRX maintains its current direction and does not revert back to pricing on the bullish side of $34.20 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 GOODRX HOLDINGS INC. CLASS A COMMON STOCK closes at or below $50.87 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 86.82% 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.