Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for TUFIN SOFTWARE TECHNOLOGIES LTD (TUFN) for the 20-Aug-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. TUFN was recently trading at $12.07 and has an implied volatility of 114.64% for this period. Based on an analysis of the options available for TUFN expiring on 20-Aug-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $12.07-$17.59 at expiration. In this scenario, the average linear return for the trade would be 37.45%. Big 26.29% Change: After closing the last trading session at $9.56, TUFIN SOFTWARE TECHNOLOGIES LTD opened today at $9.47 and has reached a high of $13.16. Trade approach: A movement as big as 26.29% is a significantly bullish indicator, so this trade is designed to be profitable if TUFN maintains its current direction and does not revert back to pricing on the bearish side of $12.07 on 20-Aug-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 TUFIN SOFTWARE TECHNOLOGIES LTD closes at or above $11.80 on 20-Aug-2021. Based on our risk-neutral analysis, there is a 52.44% 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.