Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for MONGODB INC. CLASS A COMMON STOCK (MDB) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. MDB was recently trading at $364.64 and has an implied volatility of 52.32% for this period. Based on an analysis of the options available for MDB expiring on 19-Feb-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $364.74-$454.32 at expiration. In this scenario, the average linear return for the trade would be 79.56%. Big 8.20% Change: After closing the last trading session at $336.99, MONGODB INC. CLASS A COMMON STOCK opened today at $357.38 and has reached a high of $365.10. Trade approach: A movement as big as 8.20% is a significantly bullish indicator, so this trade is designed to be profitable if MDB maintains its current direction and does not revert back to pricing on the bearish side of $364.64 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 MONGODB INC. CLASS A COMMON STOCK closes at or above $361.30 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 51.72% 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.