Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for SNAP INC (SNAP) for the 17-Apr-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SNAP was recently trading at $13.07 and has an implied volatility of 63.15% for this period. Based on an analysis of the options available for SNAP expiring on 17-Apr-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $13.08-$14.47 at expiration. In this scenario, the average linear return for the trade would be 47.06%. Big 8.06% Change: After closing the last trading session at $12.10, SNAP INC opened today at $12.57 and has reached a high of $13.22. Trade approach: A movement as big as 8.06% is a significantly bullish indicator, so this trade is designed to be profitable if SNAP maintains its current direction and does not revert back to pricing on the bearish side of $13.07 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 SNAP INC closes at or above $12.84 on 17-Apr-2020. Based on our risk-neutral analysis, there is a 57.22% 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.