Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for FIBROGEN INC COMMON STOCK (FGEN) for the 16-Jul-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. FGEN was recently trading at $13.91 and has an implied volatility of 216.43% for this period. Based on an analysis of the options available for FGEN expiring on 16-Jul-2021, there is a 34.16% likelihood that the underlying will close within the analyzed range of $13.02-$13.91 at expiration. In this scenario, the average linear return for the trade would be 20.98%. 52 week low: FIBROGEN INC COMMON STOCK recently reached a new 52-week low at $13.25. FGEN had traded in the range $18.12-$57.21 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 FGEN maintains its current direction and does not revert back to pricing on the bullish side of $13.91 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 the underlying closes within the analyzed range on 16-Jul-2021. 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.