Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for CRYOPORT INC. COMMON STOCK (CYRX) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. CYRX was recently trading at $80.77 and has an implied volatility of 78.22% for this period. Based on an analysis of the options available for CYRX expiring on 19-Feb-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $80.78-$100.44 at expiration. In this scenario, the average linear return for the trade would be 74.05%. Big 9.52% Change: After closing the last trading session at $73.75, CRYOPORT INC. COMMON STOCK opened today at $73.47 and has reached a high of $80.92. Trade approach: A movement as big as 9.52% is a significantly bullish indicator, so this trade is designed to be profitable if CYRX maintains its current direction and does not revert back to pricing on the bearish side of $80.77 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 CRYOPORT INC. COMMON STOCK closes at or above $80.40 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 50.86% 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.