Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for INSPIRE MEDICAL SYSTEMS INC (INSP) for the 18-Feb-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. INSP was recently trading at $253.00 and has an implied volatility of 45.45% for this period. Based on an analysis of the options available for INSP expiring on 18-Feb-2022, there is a 34.14% likelihood that the underlying will close within the analyzed range of $253.03-$296.47 at expiration. In this scenario, the average linear return for the trade would be 43.75%. Big 8.75% Change: After closing the last trading session at $232.65, INSPIRE MEDICAL SYSTEMS INC opened today at $242.00 and has reached a high of $255.50. Trade approach: A movement as big as 8.75% is a significantly bullish indicator, so this trade is designed to be profitable if INSP maintains its current direction and does not revert back to pricing on the bearish side of $253.00 on 18-Feb-2022. 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 INSPIRE MEDICAL SYSTEMS INC closes at or above $251.90 on 18-Feb-2022. Based on our risk-neutral analysis, there is a 51.13% 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.