Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Put Spread trade opportunity for COUPA SOFTWARE INCORPORATED COMMON STOCK (COUP) for the 27-Aug-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. COUP was recently trading at $219.26 and has an implied volatility of 46.62% for this period. Based on an analysis of the options available for COUP expiring on 27-Aug-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $188.15-$219.28 at expiration. In this scenario, the average linear return for the trade would be 58.46%. 52 week low: COUPA SOFTWARE INCORPORATED COMMON STOCK recently reached a new 52-week low at $211.25. COUP had traded in the range $215.00-$377.04 over the past year. Trade approach: Reaching a new 52-week low is a bearish indicator, so this trade is designed to be profitable if COUP maintains its current direction and does not revert back to pricing on the bullish side of $219.26 on 27-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 bearish strategy, the trade would be profitable if COUPA SOFTWARE INCORPORATED COMMON STOCK closes at or below $220.20 on 27-Aug-2021. Based on our risk-neutral analysis, there is a 51.09% 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.