Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for NOVOCURE LIMITED ORDINARY SHARES (NVCR) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. NVCR was recently trading at $201.27 and has an implied volatility of 183.94% for this period. Based on an analysis of the options available for NVCR expiring on 16-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $201.27-$240.34 at expiration. In this scenario, the average linear return for the trade would be 36.13%. Big 52.62% Change: After closing the last trading session at $131.88, NOVOCURE LIMITED ORDINARY SHARES opened today at $198.01 and has reached a high of $218.09. Trade approach: A movement as big as 52.62% is a significantly bullish indicator, so this trade is designed to be profitable if NVCR maintains its current direction and does not revert back to pricing on the bearish side of $201.27 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 NOVOCURE LIMITED ORDINARY SHARES closes at or above $201.10 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 50.19% 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.