Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for SERES THERAPEUTICS INC. COMMON STOCK (MCRB) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. MCRB was recently trading at $30.26 and has an implied volatility of 89.57% for this period. Based on an analysis of the options available for MCRB expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $30.26-$34.90 at expiration. In this scenario, the average linear return for the trade would be 23.46%. Big 7.22% Change: After closing the last trading session at $28.22, SERES THERAPEUTICS INC. COMMON STOCK opened today at $28.52 and has reached a high of $30.60. Trade approach: A movement as big as 7.22% is a significantly bullish indicator, so this trade is designed to be profitable if MCRB maintains its current direction and does not revert back to pricing on the bearish side of $30.26 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 SERES THERAPEUTICS INC. COMMON STOCK closes at or above $29.05 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 61.25% 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.