Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for RIOT BLOCKCHAIN INC. COMMON STOCK (RIOT) for the 6-Nov-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. RIOT was recently trading at $3.90 and has an implied volatility of 148.57% for this period. Based on an analysis of the options available for RIOT expiring on 6-Nov-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $3.90-$5.34 at expiration. In this scenario, the average linear return for the trade would be 67.14%. Big 10.17% Change: After closing the last trading session at $3.54, RIOT BLOCKCHAIN INC. COMMON STOCK opened today at $3.93 and has reached a high of $4.14. Trade approach: A movement as big as 10.17% is a significantly bullish indicator, so this trade is designed to be profitable if RIOT maintains its current direction and does not revert back to pricing on the bearish side of $3.90 on 6-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 RIOT BLOCKCHAIN INC. COMMON STOCK closes at or above $3.80 on 6-Nov-2020. Based on our risk-neutral analysis, there is a 53.30% 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.