Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for DISCOVERY COMMUNICATIONS (DISCA) for the 18-Feb-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. DISCA was recently trading at $28.63 and has an implied volatility of 59.47% for this period. Based on an analysis of the options available for DISCA expiring on 18-Feb-2022, there is a 34.14% likelihood that the underlying will close within the analyzed range of $28.63-$35.06 at expiration. In this scenario, the average linear return for the trade would be 76.27%. Big 11.31% Change: After closing the last trading session at $25.72, DISCOVERY COMMUNICATIONS opened today at $27.65 and has reached a high of $28.99. Trade approach: A movement as big as 11.31% is a significantly bullish indicator, so this trade is designed to be profitable if DISCA maintains its current direction and does not revert back to pricing on the bearish side of $28.63 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 DISCOVERY COMMUNICATIONS closes at or above $28.45 on 18-Feb-2022. Based on our risk-neutral analysis, there is a 51.25% 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.