Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for CARDLYTICS INC. COMMON STOCK (CDLX) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. CDLX was recently trading at $128.53 and has an implied volatility of 71.99% for this period. Based on an analysis of the options available for CDLX expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $128.55-$162.27 at expiration. In this scenario, the average linear return for the trade would be 79.35%. Big 8.65% Change: After closing the last trading session at $118.29, CARDLYTICS INC. COMMON STOCK opened today at $118.00 and has reached a high of $128.87. Trade approach: A movement as big as 8.65% is a significantly bullish indicator, so this trade is designed to be profitable if CDLX maintains its current direction and does not revert back to pricing on the bearish side of $128.53 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 CARDLYTICS INC. COMMON STOCK closes at or above $127.90 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 50.86% 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.