Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for SYNAPTICS (SYNA) for the 17-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SYNA was recently trading at $66.29 and has an implied volatility of 54.38% for this period. Based on an analysis of the options available for SYNA expiring on 17-Jul-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $66.29-$72.32 at expiration. In this scenario, the average linear return for the trade would be 40.49%. Big 10.46% Change: After closing the last trading session at $60.01, SYNAPTICS opened today at $67.00 and has reached a high of $70.92. Trade approach: A movement as big as 10.46% is a significantly bullish indicator, so this trade is designed to be profitable if SYNA maintains its current direction and does not revert back to pricing on the bearish side of $66.29 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 SYNAPTICS closes at or above $65.95 on 17-Jul-2020. Based on our risk-neutral analysis, there is a 52.38% 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.