Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for VIR BIOTECHNOLOGY INC. (VIR) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. VIR was recently trading at $32.15 and has an implied volatility of 99.79% for this period. Based on an analysis of the options available for VIR expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $32.15-$43.28 at expiration. In this scenario, the average linear return for the trade would be 68.85%. Big 13.28% Change: After closing the last trading session at $28.38, VIR BIOTECHNOLOGY INC. opened today at $30.59 and has reached a high of $33.38. Trade approach: A movement as big as 13.28% is a significantly bullish indicator, so this trade is designed to be profitable if VIR maintains its current direction and does not revert back to pricing on the bearish side of $32.15 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 VIR BIOTECHNOLOGY INC. closes at or above $31.65 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 52.12% 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.