Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Long Put trade opportunity for MERIDIAN BIOSCIENCE (VIVO) for the 16-Jul-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. VIVO was recently trading at $18.57 and has an implied volatility of 142.94% for this period. Based on an analysis of the options available for VIVO expiring on 16-Jul-2021, there is a 34.15% likelihood that the underlying will close within the analyzed range of $16.19-$18.57 at expiration. In this scenario, the average linear return for the trade would be 32.92%. Big -17.47% Change: After closing the last trading session at $22.50, MERIDIAN BIOSCIENCE opened today at $21.90 and has reached a low of $18.53. Trade approach: A movement as big as -17.47% is a significantly bearish indicator, so this trade is designed to be profitable if VIVO maintains its current direction and does not revert back to pricing on the bullish side of $18.57 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 MERIDIAN BIOSCIENCE closes at or below $18.70 on 16-Jul-2021. Based on our risk-neutral analysis, there is a 52.03% 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.