Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for COUPA SOFTWARE INCORPORATED COMMON STOCK (COUP) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. COUP was recently trading at $363.50 and has an implied volatility of 48.21% for this period. Based on an analysis of the options available for COUP expiring on 19-Feb-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $363.60-$445.09 at expiration. In this scenario, the average linear return for the trade would be 57.68%. Big 8.20% Change: After closing the last trading session at $335.96, COUPA SOFTWARE INCORPORATED COMMON STOCK opened today at $338.85 and has reached a high of $367.00. Trade approach: A movement as big as 8.20% is a significantly bullish indicator, so this trade is designed to be profitable if COUP maintains its current direction and does not revert back to pricing on the bearish side of $363.50 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 COUPA SOFTWARE INCORPORATED COMMON STOCK closes at or above $360.90 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 51.47% 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.