Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for BANDWIDTH INC. CLASS A COMMON STOCK (BAND) for the 20-Nov-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. BAND was recently trading at $170.00 and has an implied volatility of 53.20% for this period. Based on an analysis of the options available for BAND expiring on 20-Nov-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $170.06-$218.28 at expiration. In this scenario, the average linear return for the trade would be 60.57%. Big 7.95% Change: After closing the last trading session at $157.48, BANDWIDTH INC. CLASS A COMMON STOCK opened today at $158.55 and has reached a high of $170.36. Trade approach: A movement as big as 7.95% is a significantly bullish indicator, so this trade is designed to be profitable if BAND maintains its current direction and does not revert back to pricing on the bearish side of $170.00 on 20-Nov-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 BANDWIDTH INC. CLASS A COMMON STOCK closes at or above $169.90 on 20-Nov-2020. Based on our risk-neutral analysis, there is a 50.15% 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.