Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for SQUARE INC (SQ) for the 22-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SQ was recently trading at $219.01 and has an implied volatility of 53.21% for this period. Based on an analysis of the options available for SQ expiring on 22-Jan-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $219.05-$263.70 at expiration. In this scenario, the average linear return for the trade would be 70.83%. 52 week high: SQUARE INC recently reached a new 52-week high at $220.50. SQ had traded in the range $32.33-$215.00 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 SQ maintains its current direction and does not revert back to pricing on the bearish side of $219.01 on 22-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 SQUARE INC closes at or above $217.55 on 22-Jan-2021. Based on our risk-neutral analysis, there is a 51.48% 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.