Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for NIU TECHNOLOGIES AMERICAN DEPOSITARY SHARES (NIU) for the 20-Nov-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. NIU was recently trading at $33.88 and has an implied volatility of 101.94% for this period. Based on an analysis of the options available for NIU expiring on 20-Nov-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $33.88-$39.13 at expiration. In this scenario, the average linear return for the trade would be 49.06%. 52 week high: NIU TECHNOLOGIES AMERICAN DEPOSITARY SHARES recently reached a new 52-week high at $37.44. NIU had traded in the range $6.08-$34.02 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 NIU maintains its current direction and does not revert back to pricing on the bearish side of $33.88 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 NIU TECHNOLOGIES AMERICAN DEPOSITARY SHARES closes at or above $33.25 on 20-Nov-2020. Based on our risk-neutral analysis, there is a 55.15% 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.