Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for ADOBE INC (ADBE) for the 4-Dec-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. ADBE was recently trading at $487.67 and has an implied volatility of 32.35% for this period. Based on an analysis of the options available for ADBE expiring on 4-Dec-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $487.73-$535.39 at expiration. In this scenario, the average linear return for the trade would be 66.21%. Big 7.41% Change: After closing the last trading session at $454.02, ADOBE INC opened today at $477.93 and has reached a high of $488.31. Trade approach: A movement as big as 7.41% is a significantly bullish indicator, so this trade is designed to be profitable if ADBE maintains its current direction and does not revert back to pricing on the bearish side of $487.67 on 4-Dec-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 ADOBE INC closes at or above $487.60 on 4-Dec-2020. Based on our risk-neutral analysis, there is a 50.11% 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.