Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for MACOM TECHNOLOGY SOLUTION (MTSI) for the 20-Mar-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. MTSI was recently trading at $29.72 and has an implied volatility of 44.15% for this period. Based on an analysis of the options available for MTSI expiring on 20-Mar-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $29.78-$35.10 at expiration. In this scenario, the average linear return for the trade would be 40.65%. Big 13.11% Change: After closing the last trading session at $26.27, MACOM TECHNOLOGY SOLUTION opened today at $30.53 and has reached a high of $31.31. Trade approach: A movement as big as 13.11% is a significantly bullish indicator, so this trade is designed to be profitable if MTSI maintains its current direction and does not revert back to pricing on the bearish side of $29.72 on 20-Mar-2020. 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 MACOM TECHNOLOGY SOLUTION closes at or above $28.55 on 20-Mar-2020. Based on our risk-neutral analysis, there is a 60.18% 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.