Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for CLOVER HEALTH INVESTMENTS CORP. CLASS A COMMON ST (CLOV) for the 16-Jul-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. CLOV was recently trading at $19.04 and has an implied volatility of 226.49% for this period. Based on an analysis of the options available for CLOV expiring on 16-Jul-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $9.23-$19.04 at expiration. In this scenario, the average linear return for the trade would be 15175.88%. Big -14.04% Change: After closing the last trading session at $22.15, CLOVER HEALTH INVESTMENTS CORP. CLASS A COMMON ST opened today at $28.00 and has reached a low of $18.60. Trade approach: A movement as big as -14.04% is a significantly bearish indicator, so this trade is designed to be profitable if CLOV maintains its current direction and does not revert back to pricing on the bullish side of $19.04 on 16-Jul-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 CLOVER HEALTH INVESTMENTS CORP. CLASS A COMMON ST closes at or below $28.53 on 16-Jul-2021. Based on our risk-neutral analysis, there is a 71.17% 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.