Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for 10X GENOMICS INC. CLASS A COMMON STOCK (TXG) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. TXG was recently trading at $152.84 and has an implied volatility of 54.31% for this period. Based on an analysis of the options available for TXG expiring on 15-Jan-2021, there is a 34.15% likelihood that the underlying will close within the analyzed range of $152.85-$165.94 at expiration. In this scenario, the average linear return for the trade would be 29.59%. Big 8.98% Change: After closing the last trading session at $140.25, 10X GENOMICS INC. CLASS A COMMON STOCK opened today at $146.65 and has reached a high of $155.95. Trade approach: A movement as big as 8.98% is a significantly bullish indicator, so this trade is designed to be profitable if TXG maintains its current direction and does not revert back to pricing on the bearish side of $152.84 on 15-Jan-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 10X GENOMICS INC. CLASS A COMMON STOCK closes at or above $152.50 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 51.11% 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.