Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for YANDEX (YNDX) for the 12-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. YNDX was recently trading at $73.91 and has an implied volatility of 22.58% for this period. Based on an analysis of the options available for YNDX expiring on 12-Feb-2021, there is a 34.21% likelihood that the underlying will close within the analyzed range of $73.91-$74.37 at expiration. In this scenario, the average linear return for the trade would be 16.33%. 52 week high: YANDEX recently reached a new 52-week high at $73.99. YNDX had traded in the range $27.93-$72.95 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 YNDX maintains its current direction and does not revert back to pricing on the bearish side of $73.91 on 12-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 YANDEX closes at or above $73.85 on 12-Feb-2021. Based on our risk-neutral analysis, there is a 55.17% 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.