Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for ZSCALER INC. COMMON STOCK (ZS) for the 4-Sep-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. ZS was recently trading at $154.31 and has an implied volatility of 67.76% for this period. Based on an analysis of the options available for ZS expiring on 4-Sep-2020, there is a 34.15% likelihood that the underlying will close within the analyzed range of $154.31-$164.73 at expiration. In this scenario, the average linear return for the trade would be 73.42%. Big 7.65% Change: After closing the last trading session at $143.34, ZSCALER INC. COMMON STOCK opened today at $147.60 and has reached a high of $155.10. Trade approach: A movement as big as 7.65% is a significantly bullish indicator, so this trade is designed to be profitable if ZS maintains its current direction and does not revert back to pricing on the bearish side of $154.31 on 4-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 ZSCALER INC. COMMON STOCK closes at or above $153.98 on 4-Sep-2020. Based on our risk-neutral analysis, there is a 51.32% 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.