Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for SUNNOVA ENERGY INTERNATIONAL INC (NOVA) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. NOVA was recently trading at $36.25 and has an implied volatility of 90.49% for this period. Based on an analysis of the options available for NOVA expiring on 16-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $36.25-$46.65 at expiration. In this scenario, the average linear return for the trade would be 67.36%. Big 7.03% Change: After closing the last trading session at $33.87, SUNNOVA ENERGY INTERNATIONAL INC opened today at $34.01 and has reached a high of $36.72. Trade approach: A movement as big as 7.03% is a significantly bullish indicator, so this trade is designed to be profitable if NOVA maintains its current direction and does not revert back to pricing on the bearish side of $36.25 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 SUNNOVA ENERGY INTERNATIONAL INC closes at or above $35.45 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 53.54% 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.