Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for MARVELL TECHNOLOGY (MRVL) for the 22-May-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. MRVL was recently trading at $28.95 and has an implied volatility of 41.68% for this period. Based on an analysis of the options available for MRVL expiring on 22-May-2020, there is a 34.15% likelihood that the underlying will close within the analyzed range of $28.95-$29.94 at expiration. In this scenario, the average linear return for the trade would be 50.87%. 52 week high: MARVELL TECHNOLOGY recently reached a new 52-week high at $28.96. MRVL had traded in the range $16.45-$28.86 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 MRVL maintains its current direction and does not revert back to pricing on the bearish side of $28.95 on 22-May-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 MARVELL TECHNOLOGY closes at or above $28.83 on 22-May-2020. Based on our risk-neutral analysis, there is a 54.72% 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.