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 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. LYV was recently trading at $56.78 and has an implied volatility of 50.64% for this period. Based on an analysis of the options available for LYV expiring on 16-Oct-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $56.80-$68.55 at expiration. In this scenario, the average linear return for the trade would be 77.91%. Big 7.87% Change: After closing the last trading session at $52.64, LIVE NATION ENTERTAINMENT opened today at $53.37 and has reached a high of $56.93. Trade approach: A movement as big as 7.87% 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 $56.78 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 LIVE NATION ENTERTAINMENT closes at or above $56.40 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 51.49% 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.