Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for NUTANIX INC. CLASS A COMMON STOCK (NTNX) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. NTNX was recently trading at $25.52 and has an implied volatility of 67.78% for this period. Based on an analysis of the options available for NTNX expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $25.53-$32.75 at expiration. In this scenario, the average linear return for the trade would be 59.51%. Big 17.60% Change: After closing the last trading session at $21.70, NUTANIX INC. CLASS A COMMON STOCK opened today at $23.79 and has reached a high of $25.93. Trade approach: A movement as big as 17.60% is a significantly bullish indicator, so this trade is designed to be profitable if NTNX maintains its current direction and does not revert back to pricing on the bearish side of $25.52 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 NUTANIX INC. CLASS A COMMON STOCK closes at or above $25.41 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 50.73% 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.