Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for HALOZYME THERAPEUTICS (HALO) for the 18-Dec-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. HALO was recently trading at $38.86 and has an implied volatility of 45.07% for this period. Based on an analysis of the options available for HALO expiring on 18-Dec-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $38.87-$44.80 at expiration. In this scenario, the average linear return for the trade would be 34.44%. 52 week high: HALOZYME THERAPEUTICS recently reached a new 52-week high at $39.07. HALO had traded in the range $12.71-$38.75 over the past year. Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if HALO maintains its current direction and does not revert back to pricing on the bearish side of $38.86 on 18-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 HALOZYME THERAPEUTICS closes at or above $38.85 on 18-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.