Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for INTELLIA THERAPEUTICS INC. COMMON STOCK (NTLA) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. NTLA was recently trading at $68.40 and has an implied volatility of 114.11% for this period. Based on an analysis of the options available for NTLA expiring on 19-Feb-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $68.42-$108.77 at expiration. In this scenario, the average linear return for the trade would be 71.54%. Big 23.44% Change: After closing the last trading session at $55.41, INTELLIA THERAPEUTICS INC. COMMON STOCK opened today at $54.30 and has reached a high of $68.40. Trade approach: A movement as big as 23.44% is a significantly bullish indicator, so this trade is designed to be profitable if NTLA maintains its current direction and does not revert back to pricing on the bearish side of $68.40 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 INTELLIA THERAPEUTICS INC. COMMON STOCK closes at or above $66.10 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 52.96% 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.