Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for PINDUODUO INC. AMERICAN DEPOSITARY SHARES (PDD) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. PDD was recently trading at $179.68 and has an implied volatility of 67.95% for this period. Based on an analysis of the options available for PDD expiring on 19-Feb-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $179.71-$228.35 at expiration. In this scenario, the average linear return for the trade would be 100.46%. Big 7.74% Change: After closing the last trading session at $166.78, PINDUODUO INC. AMERICAN DEPOSITARY SHARES opened today at $172.35 and has reached a high of $181.42. Trade approach: A movement as big as 7.74% is a significantly bullish indicator, so this trade is designed to be profitable if PDD maintains its current direction and does not revert back to pricing on the bearish side of $179.68 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 PINDUODUO INC. AMERICAN DEPOSITARY SHARES closes at or above $179.25 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 50.43% 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.