Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for LEMONADE INC (LMND) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. LMND was recently trading at $174.54 and has an implied volatility of 119.40% for this period. Based on an analysis of the options available for LMND expiring on 19-Feb-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $174.57-$258.32 at expiration. In this scenario, the average linear return for the trade would be 152.92%. Big 8.59% Change: After closing the last trading session at $160.74, LEMONADE INC opened today at $154.95 and has reached a high of $179.53. Trade approach: A movement as big as 8.59% is a significantly bullish indicator, so this trade is designed to be profitable if LMND maintains its current direction and does not revert back to pricing on the bearish side of $174.54 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 LEMONADE INC closes at or above $173.70 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 50.51% 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.