Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for LULULEMON ATHLETICA (LULU) for the 4-Sep-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. LULU was recently trading at $379.88 and has an implied volatility of 33.66% for this period. Based on an analysis of the options available for LULU expiring on 4-Sep-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $379.90-$400.90 at expiration. In this scenario, the average linear return for the trade would be 69.45%. 52 week high: LULULEMON ATHLETICA recently reached a new 52-week high at $381.83. LULU had traded in the range $128.84-$377.84 over the past year. Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if LULU maintains its current direction and does not revert back to pricing on the bearish side of $379.88 on 4-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 LULULEMON ATHLETICA closes at or above $378.40 on 4-Sep-2020. Based on our risk-neutral analysis, there is a 52.92% 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.