Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for BED BATH & BEYOND (BBBY) for the 18-Dec-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. BBBY was recently trading at $23.78 and has an implied volatility of 76.07% for this period. Based on an analysis of the options available for BBBY expiring on 18-Dec-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $23.79-$32.82 at expiration. In this scenario, the average linear return for the trade would be 99.00%. Big 7.39% Change: After closing the last trading session at $22.14, BED BATH & BEYOND opened today at $23.25 and has reached a high of $24.19. Trade approach: A movement as big as 7.39% is a significantly bullish indicator, so this trade is designed to be profitable if BBBY maintains its current direction and does not revert back to pricing on the bearish side of $23.78 on 18-Dec-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 BED BATH & BEYOND closes at or above $23.50 on 18-Dec-2020. Based on our risk-neutral analysis, there is a 51.51% 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.