Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for KORNIT DIGITAL LTD. ORDINARY S (KRNT) for the 17-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. KRNT was recently trading at $48.91 and has an implied volatility of 54.85% for this period. Based on an analysis of the options available for KRNT expiring on 17-Jul-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $48.92-$60.80 at expiration. In this scenario, the average linear return for the trade would be 40.85%. 52 week high: KORNIT DIGITAL LTD. ORDINARY S recently reached a new 52-week high at $49.98. KRNT had traded in the range $22.17-$45.21 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 KRNT maintains its current direction and does not revert back to pricing on the bearish side of $48.91 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 KORNIT DIGITAL LTD. ORDINARY S closes at or above $48.50 on 17-Jul-2020. Based on our risk-neutral analysis, there is a 51.58% 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.