Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for COMSTOCK RESOURCES (CRK) for the 18-Sep-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. CRK was recently trading at $6.68 and has an implied volatility of 64.43% for this period. Based on an analysis of the options available for CRK expiring on 18-Sep-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $6.69-$8.17 at expiration. In this scenario, the average linear return for the trade would be 47.07%. Big 11.05% Change: After closing the last trading session at $6.02, COMSTOCK RESOURCES opened today at $5.90 and has reached a high of $6.72. Trade approach: A movement as big as 11.05% is a significantly bullish indicator, so this trade is designed to be profitable if CRK maintains its current direction and does not revert back to pricing on the bearish side of $6.68 on 18-Sep-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 COMSTOCK RESOURCES closes at or above $6.65 on 18-Sep-2020. Based on our risk-neutral analysis, there is a 51.08% 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.