Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for VIRTU FINANCIAL INC. CLASS A COMMON STOCK (VIRT) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. VIRT was recently trading at $27.69 and has an implied volatility of 50.61% for this period. Based on an analysis of the options available for VIRT expiring on 16-Oct-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $27.69-$32.56 at expiration. In this scenario, the average linear return for the trade would be 43.81%. 52 week high: VIRTU FINANCIAL INC. CLASS A COMMON STOCK recently reached a new 52-week high at $27.93. VIRT had traded in the range $14.94-$27.61 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 VIRT maintains its current direction and does not revert back to pricing on the bearish side of $27.69 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 VIRTU FINANCIAL INC. CLASS A COMMON STOCK closes at or above $27.25 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 53.98% 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.