Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for WAYFAIR INC (W) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. W was recently trading at $279.00 and has an implied volatility of 64.26% for this period. Based on an analysis of the options available for W expiring on 19-Feb-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $279.03-$343.59 at expiration. In this scenario, the average linear return for the trade would be 85.48%. Big 7.65% Change: After closing the last trading session at $259.18, WAYFAIR INC opened today at $261.46 and has reached a high of $279.04. Trade approach: A movement as big as 7.65% is a significantly bullish indicator, so this trade is designed to be profitable if W maintains its current direction and does not revert back to pricing on the bearish side of $279.00 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 WAYFAIR INC closes at or above $275.50 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 52.44% 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.