Quantchabot has detected a new Covered Put trade opportunity for LUMINAR TECHNOLOGIES INC (LAZR) for the 7-Nov-2025 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
LAZR was recently trading at $1.20 and has an implied volatility of 310.88% for this period. Based on an analysis of the options available for LAZR expiring on 7-Nov-2025, there is a 34.40% likelihood that the underlying will close within the analyzed range of $0.76-$1.20 at expiration. In this scenario, the average linear return for the trade would be 40.84%.
52 week low: LUMINAR TECHNOLOGIES INC recently reached a new 52-week low at $1.11. LAZR had traded in the range $1.58-$18.59 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 LAZR maintains its current direction and does not revert back to pricing on the bullish side of $1.20 on 7-Nov-2025. 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 LUMINAR TECHNOLOGIES INC closes at or below $1.32 on 7-Nov-2025. Based on our risk-neutral analysis, there is a 58.74% 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.
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