Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for NUTANIX INC. CLASS A COMMON STOCK (NTNX) for the 22-May-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. NTNX was recently trading at $22.52 and has an implied volatility of 91.65% for this period. Based on an analysis of the options available for NTNX expiring on 22-May-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $22.53-$24.21 at expiration. In this scenario, the average linear return for the trade would be 49.25%. Big 7.67% Change: After closing the last trading session at $20.92, NUTANIX INC. CLASS A COMMON STOCK opened today at $21.61 and has reached a high of $22.91. Trade approach: A movement as big as 7.67% is a significantly bullish indicator, so this trade is designed to be profitable if NTNX maintains its current direction and does not revert back to pricing on the bearish side of $22.52 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 NUTANIX INC. CLASS A COMMON STOCK closes at or above $22.45 on 22-May-2020. Based on our risk-neutral analysis, there is a 51.85% 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.