Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for MANHATTAN ASSOCIATES (MANH) for the 16-Jul-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. MANH was recently trading at $140.59 and has an implied volatility of 31.58% for this period. Based on an analysis of the options available for MANH expiring on 16-Jul-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $140.62-$162.94 at expiration. In this scenario, the average linear return for the trade would be 37.39%. Big 9.57% Change: After closing the last trading session at $128.31, MANHATTAN ASSOCIATES opened today at $133.00 and has reached a high of $141.50. Trade approach: A movement as big as 9.57% is a significantly bullish indicator, so this trade is designed to be profitable if MANH maintains its current direction and does not revert back to pricing on the bearish side of $140.59 on 16-Jul-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 MANHATTAN ASSOCIATES closes at or above $140.10 on 16-Jul-2021. Based on our risk-neutral analysis, there is a 51.01% 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.