Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for EQUINIX INC. COMMON STOCK REI (EQIX) for the 17-Apr-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. EQIX was recently trading at $647.51 and has an implied volatility of 52.78% for this period. Based on an analysis of the options available for EQIX expiring on 17-Apr-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $647.69-$708.00 at expiration. In this scenario, the average linear return for the trade would be 21.06%. 52 week high: EQUINIX INC. COMMON STOCK REI recently reached a new 52-week high at $679.66. EQIX had traded in the range $440.72-$657.00 over the past year. Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if EQIX maintains its current direction and does not revert back to pricing on the bearish side of $647.51 on 17-Apr-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 EQUINIX INC. COMMON STOCK REI closes at or above $646.70 on 17-Apr-2020. Based on our risk-neutral analysis, there is a 50.69% 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.