Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for ACCELERON PHARMA INC. COMMON S (XLRN) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. XLRN was recently trading at $98.57 and has an implied volatility of 45.04% for this period. Based on an analysis of the options available for XLRN expiring on 16-Oct-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $98.58-$112.71 at expiration. In this scenario, the average linear return for the trade would be 63.28%. Big 9.05% Change: After closing the last trading session at $90.39, ACCELERON PHARMA INC. COMMON S opened today at $91.70 and has reached a high of $98.77. Trade approach: A movement as big as 9.05% is a significantly bullish indicator, so this trade is designed to be profitable if XLRN maintains its current direction and does not revert back to pricing on the bearish side of $98.57 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 ACCELERON PHARMA INC. COMMON S closes at or above $98.10 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 51.46% 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.