Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for CELLDEX THERAPEUTICS (CLDX) for the 16-Jul-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. CLDX was recently trading at $42.15 and has an implied volatility of 156.33% for this period. Based on an analysis of the options available for CLDX expiring on 16-Jul-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $42.15-$50.03 at expiration. In this scenario, the average linear return for the trade would be 44.10%. Big 30.04% Change: After closing the last trading session at $32.41, CELLDEX THERAPEUTICS opened today at $42.76 and has reached a high of $45.39. Trade approach: A movement as big as 30.04% is a significantly bullish indicator, so this trade is designed to be profitable if CLDX maintains its current direction and does not revert back to pricing on the bearish side of $42.15 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 CELLDEX THERAPEUTICS closes at or above $41.05 on 16-Jul-2021. Based on our risk-neutral analysis, there is a 56.10% 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.