Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Secured Put trade opportunity for RENREN (RENN) for the 20-Nov-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. RENN was recently trading at $5.20 and has an implied volatility of 150.96% for this period. Based on an analysis of the options available for RENN expiring on 20-Nov-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $5.20-$8.15 at expiration. In this scenario, the average linear return for the trade would be 14.94%. Big 15.97% Change: After closing the last trading session at $4.48, RENREN opened today at $4.53 and has reached a high of $5.30. Trade approach: A movement as big as 15.97% is a significantly bullish indicator, so this trade is designed to be profitable if RENN maintains its current direction and does not revert back to pricing on the bearish side of $5.20 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 RENREN closes at or above $4.35 on 20-Nov-2020. Based on our risk-neutral analysis, there is a 65.37% 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.