Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for OKTA INC. CL A COMMON STOCK (OKTA) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. OKTA was recently trading at $257.69 and has an implied volatility of 46.39% for this period. Based on an analysis of the options available for OKTA expiring on 19-Feb-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $257.77-$319.59 at expiration. In this scenario, the average linear return for the trade would be 74.64%. Big 11.94% Change: After closing the last trading session at $230.21, OKTA INC. CL A COMMON STOCK opened today at $246.39 and has reached a high of $258.75. Trade approach: A movement as big as 11.94% is a significantly bullish indicator, so this trade is designed to be profitable if OKTA maintains its current direction and does not revert back to pricing on the bearish side of $257.69 on 19-Feb-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 OKTA INC. CL A COMMON STOCK closes at or above $256.25 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 51.10% 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.