Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for INTELLIA THERAPEUTICS INC. COMMON STOCK (NTLA) for the 17-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. NTLA was recently trading at $20.25 and has an implied volatility of 68.04% for this period. Based on an analysis of the options available for NTLA expiring on 17-Jul-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $20.25-$26.52 at expiration. In this scenario, the average linear return for the trade would be 51.52%. 52 week high: INTELLIA THERAPEUTICS INC. COMMON STOCK recently reached a new 52-week high at $20.26. NTLA had traded in the range $9.18-$19.20 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 NTLA maintains its current direction and does not revert back to pricing on the bearish side of $20.25 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 INTELLIA THERAPEUTICS INC. COMMON STOCK closes at or above $19.15 on 17-Jul-2020. Based on our risk-neutral analysis, there is a 58.21% 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.