Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for GLOBALSTAR INC. (GSAT) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. GSAT was recently trading at $1.11 and has an implied volatility of 171.80% for this period. Based on an analysis of the options available for GSAT expiring on 19-Feb-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $0.69-$1.11 at expiration. In this scenario, the average linear return for the trade would be 43.02%. Big -10.48% Change: After closing the last trading session at $1.24, GLOBALSTAR INC. opened today at $1.09 and has reached a low of $1.01. Trade approach: A movement as big as -10.48% is a significantly bearish indicator, so this trade is designed to be profitable if GSAT maintains its current direction and does not revert back to pricing on the bullish side of $1.11 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 GLOBALSTAR INC. closes at or below $1.21 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 57.15% 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.