Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Long Put trade opportunity for 4D MOLECULAR THERAPEUTICS INC. COMMON STOCK (FDMT) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. FDMT was recently trading at $33.66 and has an implied volatility of 671.47% for this period. Based on an analysis of the options available for FDMT expiring on 16-Apr-2021, there is a 34.20% likelihood that the underlying will close within the analyzed range of $27.57-$33.66 at expiration. In this scenario, the average linear return for the trade would be 29.48%. Big -7.24% Change: After closing the last trading session at $36.28, 4D MOLECULAR THERAPEUTICS INC. COMMON STOCK opened today at $36.25 and has reached a low of $33.47. Trade approach: A movement as big as -7.24% is a significantly bearish indicator, so this trade is designed to be profitable if FDMT maintains its current direction and does not revert back to pricing on the bullish side of $33.66 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 4D MOLECULAR THERAPEUTICS INC. COMMON STOCK closes at or below $34.00 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 52.04% 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.