Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for FUTU HOLDINGS LTD ADS (FUTU) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. FUTU was recently trading at $91.24 and has an implied volatility of 116.04% for this period. Based on an analysis of the options available for FUTU expiring on 19-Feb-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $91.25-$127.52 at expiration. In this scenario, the average linear return for the trade would be 116.34%. Big 12.54% Change: After closing the last trading session at $81.07, FUTU HOLDINGS LTD ADS opened today at $92.79 and has reached a high of $94.00. Trade approach: A movement as big as 12.54% is a significantly bullish indicator, so this trade is designed to be profitable if FUTU maintains its current direction and does not revert back to pricing on the bearish side of $91.24 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 FUTU HOLDINGS LTD ADS closes at or above $86.80 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 55.94% 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.