Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for EXACT SCIENCES (EXAS) for the 23-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. EXAS was recently trading at $109.75 and has an implied volatility of 48.56% for this period. Based on an analysis of the options available for EXAS expiring on 23-Oct-2020, there is a 34.17% likelihood that the underlying will close within the analyzed range of $109.75-$111.35 at expiration. In this scenario, the average linear return for the trade would be 10.75%. 52 week high: EXACT SCIENCES recently reached a new 52-week high at $110.79. EXAS had traded in the range $35.25-$110.74 over the past year. Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if EXAS maintains its current direction and does not revert back to pricing on the bearish side of $109.75 on 23-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 EXACT SCIENCES closes at or above $109.59 on 23-Oct-2020. Based on our risk-neutral analysis, there is a 54.02% 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.