Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for NETEASE (NTES) for the 12-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. NTES was recently trading at $111.22 and has an implied volatility of 38.82% for this period. Based on an analysis of the options available for NTES expiring on 12-Feb-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $111.23-$125.71 at expiration. In this scenario, the average linear return for the trade would be 67.30%. Big 7.34% Change: After closing the last trading session at $103.61, NETEASE opened today at $104.84 and has reached a high of $111.59. Trade approach: A movement as big as 7.34% is a significantly bullish indicator, so this trade is designed to be profitable if NTES maintains its current direction and does not revert back to pricing on the bearish side of $111.22 on 12-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 NETEASE closes at or above $110.50 on 12-Feb-2021. Based on our risk-neutral analysis, there is a 52.14% 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.