Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for NANO-X IMAGING LTD ORDINARY SHARES (NNOX) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. NNOX was recently trading at $52.77 and has an implied volatility of 172.22% for this period. Based on an analysis of the options available for NNOX expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $30.01-$52.78 at expiration. In this scenario, the average linear return for the trade would be 827.68%. Big -7.48% Change: After closing the last trading session at $57.04, NANO-X IMAGING LTD ORDINARY SHARES opened today at $55.45 and has reached a low of $51.26. Trade approach: A movement as big as -7.48% is a significantly bearish indicator, so this trade is designed to be profitable if NNOX maintains its current direction and does not revert back to pricing on the bullish side of $52.77 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 NANO-X IMAGING LTD ORDINARY SHARES closes at or below $78.17 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 75.67% 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.