Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for BUILDERS FIRSTSOURCE (BLDR) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. BLDR was recently trading at $29.95 and has an implied volatility of 56.95% for this period. Based on an analysis of the options available for BLDR expiring on 16-Oct-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $29.96-$37.01 at expiration. In this scenario, the average linear return for the trade would be 56.51%. Big 7.31% Change: After closing the last trading session at $27.91, BUILDERS FIRSTSOURCE opened today at $30.00 and has reached a high of $30.77. Trade approach: A movement as big as 7.31% is a significantly bullish indicator, so this trade is designed to be profitable if BLDR maintains its current direction and does not revert back to pricing on the bearish side of $29.95 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 BUILDERS FIRSTSOURCE closes at or above $29.95 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 50.04% 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.