Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Secured Put trade opportunity for GENIUS BRANDS INTERNATIONAL INC. COMMON STOCK (GNUS) for the 6-Aug-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. GNUS was recently trading at $1.66 and has an implied volatility of 81.32% for this period. Based on an analysis of the options available for GNUS expiring on 6-Aug-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $1.66-$1.98 at expiration. In this scenario, the average linear return for the trade would be 10.53%. Big 9.21% Change: After closing the last trading session at $1.52, GENIUS BRANDS INTERNATIONAL INC. COMMON STOCK opened today at $1.51 and has reached a high of $1.67. Trade approach: A movement as big as 9.21% is a significantly bullish indicator, so this trade is designed to be profitable if GNUS maintains its current direction and does not revert back to pricing on the bearish side of $1.66 on 6-Aug-2021. If possible, the trade has been padded such that slight movement against the trade would still return a profit. Upside potential: Using this bullish strategy, the trade would be profitable if GENIUS BRANDS INTERNATIONAL INC. COMMON STOCK closes at or above $1.63 on 6-Aug-2021. Based on our risk-neutral analysis, there is a 54.11% 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.