Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for SCHRODINGER INC. COMMON STOCK (SDGR) for the 18-Dec-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SDGR was recently trading at $56.73 and has an implied volatility of 73.12% for this period. Based on an analysis of the options available for SDGR expiring on 18-Dec-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $56.74-$71.23 at expiration. In this scenario, the average linear return for the trade would be 66.89%. Big 7.67% Change: After closing the last trading session at $52.69, SCHRODINGER INC. COMMON STOCK opened today at $53.57 and has reached a high of $57.40. Trade approach: A movement as big as 7.67% is a significantly bullish indicator, so this trade is designed to be profitable if SDGR maintains its current direction and does not revert back to pricing on the bearish side of $56.73 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 SCHRODINGER INC. COMMON STOCK closes at or above $55.70 on 18-Dec-2020. Based on our risk-neutral analysis, there is a 53.23% 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.