Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for PLUG POWER (PLUG) for the 26-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. PLUG was recently trading at $61.33 and has an implied volatility of 132.93% for this period. Based on an analysis of the options available for PLUG expiring on 26-Feb-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $40.10-$61.34 at expiration. In this scenario, the average linear return for the trade would be 1067.37%. Big -7.73% Change: After closing the last trading session at $66.47, PLUG POWER opened today at $65.81 and has reached a low of $61.16. Trade approach: A movement as big as -7.73% is a significantly bearish indicator, so this trade is designed to be profitable if PLUG maintains its current direction and does not revert back to pricing on the bullish side of $61.33 on 26-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 PLUG POWER closes at or below $91.83 on 26-Feb-2021. Based on our risk-neutral analysis, there is a 82.87% 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.