Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for ZILLOW GROUP INC. CLASS A COMMON STOCK (ZG) for the 18-Mar-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. ZG was recently trading at $61.90 and has an implied volatility of 57.70% for this period. Based on an analysis of the options available for ZG expiring on 18-Mar-2022, there is a 34.22% likelihood that the underlying will close within the analyzed range of $61.90-$73.38 at expiration. In this scenario, the average linear return for the trade would be 57.70%. Big 7.93% Change: After closing the last trading session at $57.35, ZILLOW GROUP INC. CLASS A COMMON STOCK opened today at $58.17 and has reached a high of $62.34. Trade approach: A movement as big as 7.93% is a significantly bullish indicator, so this trade is designed to be profitable if ZG maintains its current direction and does not revert back to pricing on the bearish side of $61.90 on 18-Mar-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 ZILLOW GROUP INC. CLASS A COMMON STOCK closes at or above $61.00 on 18-Mar-2022. Based on our risk-neutral analysis, there is a 53.45% 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.