Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for BLACKBERRY LIMITED COMMON STOC (BB) for the 18-Jun-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. BB was recently trading at $15.04 and has an implied volatility of 272.72% for this period. Based on an analysis of the options available for BB expiring on 18-Jun-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $15.04-$24.35 at expiration. In this scenario, the average linear return for the trade would be 232.34%. Big 8.51% Change: After closing the last trading session at $13.86, BLACKBERRY LIMITED COMMON STOC opened today at $14.45 and has reached a high of $15.50. Trade approach: A movement as big as 8.51% is a significantly bullish indicator, so this trade is designed to be profitable if BB maintains its current direction and does not revert back to pricing on the bearish side of $15.04 on 18-Jun-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 BLACKBERRY LIMITED COMMON STOC closes at or above $14.91 on 18-Jun-2021. Based on our risk-neutral analysis, there is a 50.72% 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.