Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for MARAVAI LIFESCIENCES HOLDINGS INC. (MRVI) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. MRVI was recently trading at $39.38 and has an implied volatility of 84.90% for this period. Based on an analysis of the options available for MRVI expiring on 16-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $39.39-$52.95 at expiration. In this scenario, the average linear return for the trade would be 36.40%. Big 12.32% Change: After closing the last trading session at $35.06, MARAVAI LIFESCIENCES HOLDINGS INC. opened today at $39.00 and has reached a high of $40.24. Trade approach: A movement as big as 12.32% is a significantly bullish indicator, so this trade is designed to be profitable if MRVI maintains its current direction and does not revert back to pricing on the bearish side of $39.38 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 MARAVAI LIFESCIENCES HOLDINGS INC. closes at or above $38.55 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 52.89% 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.