Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for KORNIT DIGITAL LTD. ORDINARY S (KRNT) for the 18-Sep-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. KRNT was recently trading at $59.70 and has an implied volatility of 46.89% for this period. Based on an analysis of the options available for KRNT expiring on 18-Sep-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $59.71-$69.09 at expiration. In this scenario, the average linear return for the trade would be 42.64%. 52 week high: KORNIT DIGITAL LTD. ORDINARY S recently reached a new 52-week high at $60.00. KRNT had traded in the range $22.17-$59.59 over the past year. Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if KRNT maintains its current direction and does not revert back to pricing on the bearish side of $59.70 on 18-Sep-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 KORNIT DIGITAL LTD. ORDINARY S closes at or above $58.50 on 18-Sep-2020. Based on our risk-neutral analysis, there is a 55.58% 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.