Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for CROWDSTRIKE HOLDINGS INC. CLASS A COMMON STOCK (CRWD) for the 19-Mar-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. CRWD was recently trading at $179.49 and has an implied volatility of 57.13% for this period. Based on an analysis of the options available for CRWD expiring on 19-Mar-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $179.60-$241.95 at expiration. In this scenario, the average linear return for the trade would be 91.63%. Big 8.01% Change: After closing the last trading session at $166.17, CROWDSTRIKE HOLDINGS INC. CLASS A COMMON STOCK opened today at $165.35 and has reached a high of $180.47. Trade approach: A movement as big as 8.01% is a significantly bullish indicator, so this trade is designed to be profitable if CRWD maintains its current direction and does not revert back to pricing on the bearish side of $179.49 on 19-Mar-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 CROWDSTRIKE HOLDINGS INC. CLASS A COMMON STOCK closes at or above $179.30 on 19-Mar-2021. Based on our risk-neutral analysis, there is a 50.22% 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.