Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for EVERBRIDGE INC. COMMON STOCK (EVBG) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. EVBG was recently trading at $164.90 and has an implied volatility of 50.89% for this period. Based on an analysis of the options available for EVBG expiring on 16-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $164.92-$201.36 at expiration. In this scenario, the average linear return for the trade would be 45.35%. Big 17.37% Change: After closing the last trading session at $140.49, EVERBRIDGE INC. COMMON STOCK opened today at $163.59 and has reached a high of $178.98. Trade approach: A movement as big as 17.37% is a significantly bullish indicator, so this trade is designed to be profitable if EVBG maintains its current direction and does not revert back to pricing on the bearish side of $164.90 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 EVERBRIDGE INC. COMMON STOCK closes at or above $164.40 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 50.63% 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.