Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for ADOBE INC (ADBE) for the 11-Sep-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. ADBE was recently trading at $521.49 and has an implied volatility of 37.91% for this period. Based on an analysis of the options available for ADBE expiring on 11-Sep-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $521.53-$565.07 at expiration. In this scenario, the average linear return for the trade would be 78.53%. Big 7.65% Change: After closing the last trading session at $484.43, ADOBE INC opened today at $496.95 and has reached a high of $521.49. Trade approach: A movement as big as 7.65% is a significantly bullish indicator, so this trade is designed to be profitable if ADBE maintains its current direction and does not revert back to pricing on the bearish side of $521.49 on 11-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 ADOBE INC closes at or above $519.75 on 11-Sep-2020. Based on our risk-neutral analysis, there is a 51.70% 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.