Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for GSX TECHEDU INC (GSX) for the 30-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. GSX was recently trading at $26.41 and has an implied volatility of 162.81% for this period. Based on an analysis of the options available for GSX expiring on 30-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $17.83-$26.41 at expiration. In this scenario, the average linear return for the trade would be 123.64%. 52 week low: GSX TECHEDU INC recently reached a new 52-week low at $26.32. GSX had traded in the range $27.06-$149.05 over the past year. Trade approach: Reaching a new 52-week low is a bearish indicator, so this trade is designed to be profitable if GSX maintains its current direction and does not revert back to pricing on the bullish side of $26.41 on 30-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 GSX TECHEDU INC closes at or below $39.34 on 30-Apr-2021. Based on our risk-neutral analysis, there is a 84.46% 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.