Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for CAPRI HOLDINGS LTD (CPRI) for the 22-May-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. CPRI was recently trading at $14.96 and has an implied volatility of 89.55% for this period. Based on an analysis of the options available for CPRI expiring on 22-May-2020, there is a 34.16% likelihood that the underlying will close within the analyzed range of $14.96-$15.77 at expiration. In this scenario, the average linear return for the trade would be 24.82%. Big 7.01% Change: After closing the last trading session at $13.98, CAPRI HOLDINGS LTD opened today at $13.94 and has reached a high of $15.03. Trade approach: A movement as big as 7.01% is a significantly bullish indicator, so this trade is designed to be profitable if CPRI maintains its current direction and does not revert back to pricing on the bearish side of $14.96 on 22-May-2020. 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 CAPRI HOLDINGS LTD closes at or above $14.80 on 22-May-2020. Based on our risk-neutral analysis, there is a 58.12% 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.