Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Secured Put trade opportunity for RAPT THERAPEUTICS INC. (RAPT) for the 20-Nov-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. RAPT was recently trading at $36.56 and has an implied volatility of 189.94% for this period. Based on an analysis of the options available for RAPT expiring on 20-Nov-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $36.57-$69.82 at expiration. In this scenario, the average linear return for the trade would be 38.87%. Big 8.07% Change: After closing the last trading session at $33.83, RAPT THERAPEUTICS INC. opened today at $34.01 and has reached a high of $37.06. Trade approach: A movement as big as 8.07% is a significantly bullish indicator, so this trade is designed to be profitable if RAPT maintains its current direction and does not revert back to pricing on the bearish side of $36.56 on 20-Nov-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 RAPT THERAPEUTICS INC. closes at or above $34.50 on 20-Nov-2020. Based on our risk-neutral analysis, there is a 53.58% 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.