Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for GLOBANT SA (GLOB) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. GLOB was recently trading at $234.79 and has an implied volatility of 44.75% for this period. Based on an analysis of the options available for GLOB expiring on 16-Apr-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $234.84-$279.91 at expiration. In this scenario, the average linear return for the trade would be 50.72%. Big 7.01% Change: After closing the last trading session at $219.42, GLOBANT SA opened today at $226.08 and has reached a high of $244.72. Trade approach: A movement as big as 7.01% is a significantly bullish indicator, so this trade is designed to be profitable if GLOB maintains its current direction and does not revert back to pricing on the bearish side of $234.79 on 16-Apr-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 GLOBANT SA closes at or above $234.40 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 50.42% 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.