Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for UBIQUITI NETWORKS INC (UI) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. UI was recently trading at $368.58 and has an implied volatility of 39.44% for this period. Based on an analysis of the options available for UI expiring on 16-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $368.61-$405.51 at expiration. In this scenario, the average linear return for the trade would be 44.63%. Big 7.91% Change: After closing the last trading session at $341.56, UBIQUITI NETWORKS INC opened today at $347.51 and has reached a high of $372.80. Trade approach: A movement as big as 7.91% is a significantly bullish indicator, so this trade is designed to be profitable if UI maintains its current direction and does not revert back to pricing on the bearish side of $368.58 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 UBIQUITI NETWORKS INC closes at or above $363.80 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 55.47% 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.