Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for SHOALS TECHNOLOGIES GROUP INC. CLASS A COMMON STO (SHLS) for the 21-May-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SHLS was recently trading at $32.58 and has an implied volatility of 89.02% for this period. Based on an analysis of the options available for SHLS expiring on 21-May-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $32.59-$45.64 at expiration. In this scenario, the average linear return for the trade would be 87.29%. Big 7.14% Change: After closing the last trading session at $30.41, SHOALS TECHNOLOGIES GROUP INC. CLASS A COMMON STO opened today at $30.50 and has reached a high of $32.65. Trade approach: A movement as big as 7.14% is a significantly bullish indicator, so this trade is designed to be profitable if SHLS maintains its current direction and does not revert back to pricing on the bearish side of $32.58 on 21-May-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 SHOALS TECHNOLOGIES GROUP INC. CLASS A COMMON STO closes at or above $32.50 on 21-May-2021. Based on our risk-neutral analysis, there is a 50.31% 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.