Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for ALTERYX INC (AYX) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. AYX was recently trading at $118.72 and has an implied volatility of 54.15% for this period. Based on an analysis of the options available for AYX expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $118.75-$145.49 at expiration. In this scenario, the average linear return for the trade would be 91.00%. Big 8.89% Change: After closing the last trading session at $109.03, ALTERYX INC opened today at $111.00 and has reached a high of $118.84. Trade approach: A movement as big as 8.89% is a significantly bullish indicator, so this trade is designed to be profitable if AYX maintains its current direction and does not revert back to pricing on the bearish side of $118.72 on 16-Oct-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 ALTERYX INC closes at or above $117.35 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 52.34% 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.