Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for TRUPANION INC (TRUP) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. TRUP was recently trading at $67.51 and has an implied volatility of 67.92% for this period. Based on an analysis of the options available for TRUP expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $67.52-$85.79 at expiration. In this scenario, the average linear return for the trade would be 40.56%. Big 7.62% Change: After closing the last trading session at $62.73, TRUPANION INC opened today at $62.34 and has reached a high of $69.29. Trade approach: A movement as big as 7.62% is a significantly bullish indicator, so this trade is designed to be profitable if TRUP maintains its current direction and does not revert back to pricing on the bearish side of $67.51 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 TRUPANION INC closes at or above $66.40 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 52.79% 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.