Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for FASTLY INC (FSLY) for the 30-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. FSLY was recently trading at $97.98 and has an implied volatility of 84.28% for this period. Based on an analysis of the options available for FSLY expiring on 30-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $97.99-$125.47 at expiration. In this scenario, the average linear return for the trade would be 70.20%. Big 7.91% Change: After closing the last trading session at $90.80, FASTLY INC opened today at $91.74 and has reached a high of $98.97. Trade approach: A movement as big as 7.91% is a significantly bullish indicator, so this trade is designed to be profitable if FSLY maintains its current direction and does not revert back to pricing on the bearish side of $97.98 on 30-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 FASTLY INC closes at or above $97.70 on 30-Oct-2020. Based on our risk-neutral analysis, there is a 50.48% 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.