Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for ROKU INC. CLASS A COMMON STOCK (ROKU) for the 30-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. ROKU was recently trading at $200.50 and has an implied volatility of 62.89% for this period. Based on an analysis of the options available for ROKU expiring on 30-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $200.52-$238.94 at expiration. In this scenario, the average linear return for the trade would be 87.74%. 52 week high: ROKU INC. CLASS A COMMON STOCK recently reached a new 52-week high at $202.23. ROKU had traded in the range $58.22-$200.73 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 ROKU maintains its current direction and does not revert back to pricing on the bearish side of $200.50 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 ROKU INC. CLASS A COMMON STOCK closes at or above $199.85 on 30-Oct-2020. Based on our risk-neutral analysis, there is a 50.77% 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.