Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for DISH NETWORK (DISH) for the 17-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. DISH was recently trading at $29.00 and has an implied volatility of 60.76% for this period. Based on an analysis of the options available for DISH expiring on 17-Jul-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $29.01-$36.98 at expiration. In this scenario, the average linear return for the trade would be 66.47%. Big 8.39% Change: After closing the last trading session at $26.76, DISH NETWORK opened today at $27.11 and has reached a high of $29.01. Trade approach: A movement as big as 8.39% is a significantly bullish indicator, so this trade is designed to be profitable if DISH maintains its current direction and does not revert back to pricing on the bearish side of $29.00 on 17-Jul-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 DISH NETWORK closes at or above $28.95 on 17-Jul-2020. Based on our risk-neutral analysis, there is a 50.36% 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.