Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for BIO-TECHNE CORP COMMON STOCK (TECH) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. TECH was recently trading at $362.04 and has an implied volatility of 35.16% for this period. Based on an analysis of the options available for TECH expiring on 16-Apr-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $361.80-$423.09 at expiration. In this scenario, the average linear return for the trade would be 50.68%. 52 week high: BIO-TECHNE CORP COMMON STOCK recently reached a new 52-week high at $379.04. TECH had traded in the range $155.17-$361.47 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 TECH maintains its current direction and does not revert back to pricing on the bearish side of $362.04 on 16-Apr-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 BIO-TECHNE CORP COMMON STOCK closes at or above $360.90 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 50.64% 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.