Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for UNITED THERAPEUTICS (UTHR) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. UTHR was recently trading at $201.00 and has an implied volatility of 28.77% for this period. Based on an analysis of the options available for UTHR expiring on 16-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $201.00-$209.36 at expiration. In this scenario, the average linear return for the trade would be 19.05%. 52 week high: UNITED THERAPEUTICS recently reached a new 52-week high at $204.78. UTHR had traded in the range $94.09-$200.00 over the past year. Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if UTHR maintains its current direction and does not revert back to pricing on the bearish side of $201.00 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 UNITED THERAPEUTICS closes at or above $198.40 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 62.57% 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.