Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for CORSAIR GAMING INC. COMMON STOCK (CRSR) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. CRSR was recently trading at $44.41 and has an implied volatility of 124.34% for this period. Based on an analysis of the options available for CRSR expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $44.42-$71.41 at expiration. In this scenario, the average linear return for the trade would be 128.47%. Big 10.13% Change: After closing the last trading session at $40.33, CORSAIR GAMING INC. COMMON STOCK opened today at $41.00 and has reached a high of $45.69. Trade approach: A movement as big as 10.13% is a significantly bullish indicator, so this trade is designed to be profitable if CRSR maintains its current direction and does not revert back to pricing on the bearish side of $44.41 on 15-Jan-2021. 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 CORSAIR GAMING INC. COMMON STOCK closes at or above $44.00 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 50.81% 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.