Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for MICROSTRATEGY (MSTR) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. MSTR was recently trading at $270.67 and has an implied volatility of 86.90% for this period. Based on an analysis of the options available for MSTR expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $270.73-$374.90 at expiration. In this scenario, the average linear return for the trade would be 78.48%. Big 9.48% Change: After closing the last trading session at $247.23, MICROSTRATEGY opened today at $254.30 and has reached a high of $277.22. Trade approach: A movement as big as 9.48% is a significantly bullish indicator, so this trade is designed to be profitable if MSTR maintains its current direction and does not revert back to pricing on the bearish side of $270.67 on 15-Jan-2021. 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 MICROSTRATEGY closes at or above $269.30 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 50.65% 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.