Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for KOPPERS HOLDINGS (KOP) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. KOP was recently trading at $24.20 and has an implied volatility of 95.43% for this period. Based on an analysis of the options available for KOP expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $16.59-$24.21 at expiration. In this scenario, the average linear return for the trade would be 32.41%. Big -7.07% Change: After closing the last trading session at $26.04, KOPPERS HOLDINGS opened today at $25.99 and has reached a low of $24.20. Trade approach: A movement as big as -7.07% is a significantly bearish indicator, so this trade is designed to be profitable if KOP maintains its current direction and does not revert back to pricing on the bullish side of $24.20 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 KOPPERS HOLDINGS closes at or below $24.35 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 50.63% 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.