Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for LA-Z-BOY (LZB) for the 19-Mar-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. LZB was recently trading at $39.95 and has an implied volatility of 52.07% for this period. Based on an analysis of the options available for LZB expiring on 19-Mar-2021, there is a 33.17% likelihood that the underlying will close within the analyzed range of $39.95-$46.32 at expiration. In this scenario, the average linear return for the trade would be 31.56%. Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, LA-Z-BOY was recently trending, indicating that breaking news and/or market activity has significantly impacted sentiment toward the stock. This movement can be interpretted as a sign of more near-term price movement for the underlying. Trade approach: The recent sentiment change in LZB on StockTwits appears to be significantly positive, indicating that the stock is likely to follow in that direction for investors trading on sentiment. As a result, a bullish strategy could prove effective if the sentiment ultimately turns out to drive trading. Upside potential: Using this bullish strategy, the trade would be profitable if LA-Z-BOY closed at or above $38.80 on 19-Mar-2021. Based on our analysis, there is a 56.69% 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.