Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for JAZZ PHARMACEUTICALS (JAZZ) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. JAZZ was recently trading at $169.30 and has an implied volatility of 40.51% for this period. Based on an analysis of the options available for JAZZ expiring on 16-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $169.33-$197.12 at expiration. In this scenario, the average linear return for the trade would be 42.92%. Big 7.51% Change: After closing the last trading session at $157.47, JAZZ PHARMACEUTICALS opened today at $170.40 and has reached a high of $170.40. Trade approach: A movement as big as 7.51% is a significantly bullish indicator, so this trade is designed to be profitable if JAZZ maintains its current direction and does not revert back to pricing on the bearish side of $169.30 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 JAZZ PHARMACEUTICALS closes at or above $169.20 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 50.20% 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.