Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for BILIBILI INC. AMERICAN DEPOSITARY SHARES (BILI) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. BILI was recently trading at $45.24 and has an implied volatility of 52.57% for this period. Based on an analysis of the options available for BILI expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $45.24-$49.63 at expiration. In this scenario, the average linear return for the trade would be 34.77%. Big 8.23% Change: After closing the last trading session at $41.80, BILIBILI INC. AMERICAN DEPOSITARY SHARES opened today at $42.50 and has reached a high of $45.55. Trade approach: A movement as big as 8.23% is a significantly bullish indicator, so this trade is designed to be profitable if BILI maintains its current direction and does not revert back to pricing on the bearish side of $45.24 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 BILIBILI INC. AMERICAN DEPOSITARY SHARES closes at or above $43.71 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 64.50% 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.