Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for SNOWFLAKE INC (SNOW) for the 26-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SNOW was recently trading at $289.90 and has an implied volatility of 68.30% for this period. Based on an analysis of the options available for SNOW expiring on 26-Feb-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $289.95-$373.68 at expiration. In this scenario, the average linear return for the trade would be 66.31%. Big 8.16% Change: After closing the last trading session at $268.02, SNOWFLAKE INC opened today at $272.59 and has reached a high of $295.08. Trade approach: A movement as big as 8.16% is a significantly bullish indicator, so this trade is designed to be profitable if SNOW maintains its current direction and does not revert back to pricing on the bearish side of $289.90 on 26-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 SNOWFLAKE INC closes at or above $288.10 on 26-Feb-2021. Based on our risk-neutral analysis, there is a 51.01% 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.