Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for LIVE NATION ENTERTAINMENT (LYV) for the 17-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. LYV was recently trading at $49.66 and has an implied volatility of 73.24% for this period. Based on an analysis of the options available for LYV expiring on 17-Jul-2020, there is a 34.15% likelihood that the underlying will close within the analyzed range of $49.67-$52.70 at expiration. In this scenario, the average linear return for the trade would be 43.13%. Big 7.01% Change: After closing the last trading session at $46.41, LIVE NATION ENTERTAINMENT opened today at $48.73 and has reached a high of $51.09. Trade approach: A movement as big as 7.01% is a significantly bullish indicator, so this trade is designed to be profitable if LYV maintains its current direction and does not revert back to pricing on the bearish side of $49.66 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 LIVE NATION ENTERTAINMENT closes at or above $49.23 on 17-Jul-2020. Based on our risk-neutral analysis, there is a 55.91% 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.