Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for INSMED (INSM) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. INSM was recently trading at $35.00 and has an implied volatility of 56.88% for this period. Based on an analysis of the options available for INSM expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $35.00-$41.23 at expiration. In this scenario, the average linear return for the trade would be 44.23%. Big 7.13% Change: After closing the last trading session at $32.67, INSMED opened today at $32.84 and has reached a high of $35.14. Trade approach: A movement as big as 7.13% is a significantly bullish indicator, so this trade is designed to be profitable if INSM maintains its current direction and does not revert back to pricing on the bearish side of $35.00 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 INSMED closes at or above $34.70 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 52.13% 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.