Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Put trade opportunity for FARADAY FUTURE INTELLIGENT ELECTRIC INC (FFIE) for the 18-Feb-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. FFIE was recently trading at $4.25 and has an implied volatility of 141.68% for this period. Based on an analysis of the options available for FFIE expiring on 18-Feb-2022, there is a 34.70% likelihood that the underlying will close within the analyzed range of $3.62-$4.25 at expiration. In this scenario, the average linear return for the trade would be 17.17%. Big -7.52% Change: After closing the last trading session at $4.59, FARADAY FUTURE INTELLIGENT ELECTRIC INC opened today at $4.56 and has reached a low of $4.24. Trade approach: A movement as big as -7.52% is a significantly bearish indicator, so this trade is designed to be profitable if FFIE maintains its current direction and does not revert back to pricing on the bullish side of $4.25 on 18-Feb-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 FARADAY FUTURE INTELLIGENT ELECTRIC INC closes at or below $4.39 on 18-Feb-2022. Based on our risk-neutral analysis, there is a 58.49% 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.