Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for NEW FORTRESS ENERGY LLC (NFE) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. NFE was recently trading at $50.05 and has an implied volatility of 78.71% for this period. Based on an analysis of the options available for NFE expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $50.05-$56.75 at expiration. In this scenario, the average linear return for the trade would be 21.95%. Big 9.71% Change: After closing the last trading session at $45.62, NEW FORTRESS ENERGY LLC opened today at $46.31 and has reached a high of $50.22. Trade approach: A movement as big as 9.71% is a significantly bullish indicator, so this trade is designed to be profitable if NFE maintains its current direction and does not revert back to pricing on the bearish side of $50.05 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 NEW FORTRESS ENERGY LLC closes at or above $49.10 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 56.07% 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.