Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for QORVO INC. COMMON STOCK (QRVO) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. QRVO was recently trading at $125.50 and has an implied volatility of 49.08% for this period. Based on an analysis of the options available for QRVO expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $125.52-$146.87 at expiration. In this scenario, the average linear return for the trade would be 59.91%. Big 9.98% Change: After closing the last trading session at $114.11, QORVO INC. COMMON STOCK opened today at $123.96 and has reached a high of $125.78. Trade approach: A movement as big as 9.98% is a significantly bullish indicator, so this trade is designed to be profitable if QRVO maintains its current direction and does not revert back to pricing on the bearish side of $125.50 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 QORVO INC. COMMON STOCK closes at or above $124.00 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 53.09% 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.