Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for SPOTIFY TECHNOLOGY SA (SPOT) for the 29-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SPOT was recently trading at $361.73 and has an implied volatility of 54.16% for this period. Based on an analysis of the options available for SPOT expiring on 29-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $361.75-$405.64 at expiration. In this scenario, the average linear return for the trade would be 85.25%. 52 week high: SPOTIFY TECHNOLOGY SA recently reached a new 52-week high at $363.02. SPOT had traded in the range $109.18-$354.60 over the past year. Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if SPOT maintains its current direction and does not revert back to pricing on the bearish side of $361.73 on 29-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 SPOTIFY TECHNOLOGY SA closes at or above $361.40 on 29-Jan-2021. Based on our risk-neutral analysis, there is a 50.34% 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.