Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for ZENTALIS PHARMACEUTICALS INC. COMMON STOCK (ZNTL) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. ZNTL was recently trading at $37.73 and has an implied volatility of 80.48% for this period. Based on an analysis of the options available for ZNTL expiring on 16-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $33.67-$37.73 at expiration. In this scenario, the average linear return for the trade would be 10.15%. Big -11.14% Change: After closing the last trading session at $42.46, ZENTALIS PHARMACEUTICALS INC. COMMON STOCK opened today at $42.25 and has reached a low of $37.48. Trade approach: A movement as big as -11.14% is a significantly bearish indicator, so this trade is designed to be profitable if ZNTL maintains its current direction and does not revert back to pricing on the bullish side of $37.73 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 ZENTALIS PHARMACEUTICALS INC. COMMON STOCK closes at or below $37.74 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 50.09% 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.