Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for STITCH FIX INC. CLASS A COMMON STOCK (SFIX) for the 26-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SFIX was recently trading at $82.35 and has an implied volatility of 68.05% for this period. Based on an analysis of the options available for SFIX expiring on 26-Feb-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $82.36-$102.66 at expiration. In this scenario, the average linear return for the trade would be 75.36%. Big 11.48% Change: After closing the last trading session at $73.87, STITCH FIX INC. CLASS A COMMON STOCK opened today at $74.64 and has reached a high of $82.53. Trade approach: A movement as big as 11.48% is a significantly bullish indicator, so this trade is designed to be profitable if SFIX maintains its current direction and does not revert back to pricing on the bearish side of $82.35 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 STITCH FIX INC. CLASS A COMMON STOCK closes at or above $81.65 on 26-Feb-2021. Based on our risk-neutral analysis, there is a 51.57% 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.