Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for AFFIRM HOLDINGS INC. CLASS A COMMON STOCK (AFRM) for the 21-Jan-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. AFRM was recently trading at $125.39 and has an implied volatility of 80.54% for this period. Based on an analysis of the options available for AFRM expiring on 21-Jan-2022, there is a 34.13% likelihood that the underlying will close within the analyzed range of $90.39-$125.41 at expiration. In this scenario, the average linear return for the trade would be 260.82%. Big -7.91% Change: After closing the last trading session at $136.16, AFFIRM HOLDINGS INC. CLASS A COMMON STOCK opened today at $136.00 and has reached a low of $123.51. Trade approach: A movement as big as -7.91% is a significantly bearish indicator, so this trade is designed to be profitable if AFRM maintains its current direction and does not revert back to pricing on the bullish side of $125.39 on 21-Jan-2022. 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 AFFIRM HOLDINGS INC. CLASS A COMMON STOCK closes at or below $187.23 on 21-Jan-2022. Based on our risk-neutral analysis, there is a 88.95% 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.