Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for BED BATH & BEYOND (BBBY) for the 18-Jun-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. BBBY was recently trading at $33.60 and has an implied volatility of 183.43% for this period. Based on an analysis of the options available for BBBY expiring on 18-Jun-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $23.06-$33.60 at expiration. In this scenario, the average linear return for the trade would be 122.22%. Big -23.96% Change: After closing the last trading session at $44.19, BED BATH & BEYOND opened today at $38.53 and has reached a low of $32.83. Trade approach: A movement as big as -23.96% is a significantly bearish indicator, so this trade is designed to be profitable if BBBY maintains its current direction and does not revert back to pricing on the bullish side of $33.60 on 18-Jun-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 BED BATH & BEYOND closes at or below $48.87 on 18-Jun-2021. Based on our risk-neutral analysis, there is a 84.03% 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.