Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for BALLARD POWER SYSTEMS (BLDP) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. BLDP was recently trading at $33.88 and has an implied volatility of 88.13% for this period. Based on an analysis of the options available for BLDP expiring on 19-Feb-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $25.67-$33.89 at expiration. In this scenario, the average linear return for the trade would be 221.36%. Big -7.35% Change: After closing the last trading session at $36.58, BALLARD POWER SYSTEMS opened today at $34.82 and has reached a low of $32.83. Trade approach: A movement as big as -7.35% is a significantly bearish indicator, so this trade is designed to be profitable if BLDP maintains its current direction and does not revert back to pricing on the bullish side of $33.88 on 19-Feb-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 BALLARD POWER SYSTEMS closes at or below $50.57 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 92.53% 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.