Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for TESLA INC. (TSLA) for the 22-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. TSLA was recently trading at $622.88 and has an implied volatility of 80.26% for this period. Based on an analysis of the options available for TSLA expiring on 22-Jan-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $623.00-$829.29 at expiration. In this scenario, the average linear return for the trade would be 88.99%. 52 week high: TESLA INC. recently reached a new 52-week high at $622.97. TSLA had traded in the range $65.45-$607.80 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 TSLA maintains its current direction and does not revert back to pricing on the bearish side of $622.88 on 22-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 TESLA INC. closes at or above $608.70 on 22-Jan-2021. Based on our risk-neutral analysis, there is a 53.24% 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.