Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for OPTION CARE HEALTH INC. COMMON STOCK (OPCH) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. OPCH was recently trading at $19.80 and has an implied volatility of 59.09% for this period. Based on an analysis of the options available for OPCH expiring on 16-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $16.66-$19.81 at expiration. In this scenario, the average linear return for the trade would be 14.26%. Big -7.11% Change: After closing the last trading session at $21.32, OPTION CARE HEALTH INC. COMMON STOCK opened today at $19.93 and has reached a low of $19.52. Trade approach: A movement as big as -7.11% is a significantly bearish indicator, so this trade is designed to be profitable if OPCH maintains its current direction and does not revert back to pricing on the bullish side of $19.80 on 16-Apr-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 OPTION CARE HEALTH INC. COMMON STOCK closes at or below $19.82 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 50.15% 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.