Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for L BRANDS INC (LB) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. LB was recently trading at $40.02 and has an implied volatility of 55.59% for this period. Based on an analysis of the options available for LB expiring on 19-Feb-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $40.03-$48.80 at expiration. In this scenario, the average linear return for the trade would be 73.91%. Big 7.62% Change: After closing the last trading session at $37.19, L BRANDS INC opened today at $38.05 and has reached a high of $40.03. Trade approach: A movement as big as 7.62% is a significantly bullish indicator, so this trade is designed to be profitable if LB maintains its current direction and does not revert back to pricing on the bearish side of $40.02 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 L BRANDS INC closes at or above $39.15 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 54.48% 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.