Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for FIRST SOLAR INC (FSLR) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. FSLR was recently trading at $81.44 and has an implied volatility of 48.24% for this period. Based on an analysis of the options available for FSLR expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $81.45-$97.25 at expiration. In this scenario, the average linear return for the trade would be 91.30%. 52 week high: FIRST SOLAR INC recently reached a new 52-week high at $81.87. FSLR had traded in the range $28.47-$80.09 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 FSLR maintains its current direction and does not revert back to pricing on the bearish side of $81.44 on 16-Oct-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 FIRST SOLAR INC closes at or above $81.15 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 50.84% 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.