Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for PTC INC. COMMON STOCK (PTC) for the 17-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. PTC was recently trading at $84.66 and has an implied volatility of 40.92% for this period. Based on an analysis of the options available for PTC expiring on 17-Jul-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $84.66-$90.08 at expiration. In this scenario, the average linear return for the trade would be 18.17%. Big 7.85% Change: After closing the last trading session at $78.50, PTC INC. COMMON STOCK opened today at $82.00 and has reached a high of $84.85. Trade approach: A movement as big as 7.85% is a significantly bullish indicator, so this trade is designed to be profitable if PTC maintains its current direction and does not revert back to pricing on the bearish side of $84.66 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 PTC INC. COMMON STOCK closes at or above $83.45 on 17-Jul-2020. Based on our risk-neutral analysis, there is a 59.20% 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.