Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for BLACK IRON INC (BKI) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. BKI was recently trading at $83.72 and has an implied volatility of 28.59% for this period. Based on an analysis of the options available for BKI expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $83.73-$93.01 at expiration. In this scenario, the average linear return for the trade would be 25.95%. 52 week high: BLACK IRON INC recently reached a new 52-week high at $84.50. BKI had traded in the range $50.01-$83.33 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 BKI maintains its current direction and does not revert back to pricing on the bearish side of $83.72 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 BLACK IRON INC closes at or above $82.85 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 54.02% 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.