Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for BERKELEY LIGHTS INC. (BLI) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. BLI was recently trading at $85.33 and has an implied volatility of 63.52% for this period. Based on an analysis of the options available for BLI expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $74.91-$85.33 at expiration. In this scenario, the average linear return for the trade would be 13.91%. Big -7.26% Change: After closing the last trading session at $92.00, BERKELEY LIGHTS INC. opened today at $92.11 and has reached a low of $84.82. Trade approach: A movement as big as -7.26% is a significantly bearish indicator, so this trade is designed to be profitable if BLI maintains its current direction and does not revert back to pricing on the bullish side of $85.33 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 BERKELEY LIGHTS INC. closes at or below $87.15 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 56.43% 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.