Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for LENNAR (LEN) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. LEN was recently trading at $81.15 and has an implied volatility of 41.62% for this period. Based on an analysis of the options available for LEN expiring on 19-Feb-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $81.17-$96.67 at expiration. In this scenario, the average linear return for the trade would be 73.83%. Big 9.23% Change: After closing the last trading session at $74.29, LENNAR opened today at $76.99 and has reached a high of $81.24. Trade approach: A movement as big as 9.23% is a significantly bullish indicator, so this trade is designed to be profitable if LEN maintains its current direction and does not revert back to pricing on the bearish side of $81.15 on 19-Feb-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 LENNAR closes at or above $80.40 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 52.18% 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.