Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for INMODE LTD. ORDINARY SHARES (INMD) for the 16-Jul-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. INMD was recently trading at $104.52 and has an implied volatility of 49.98% for this period. Based on an analysis of the options available for INMD expiring on 16-Jul-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $104.52-$110.41 at expiration. In this scenario, the average linear return for the trade would be 27.53%. Big 8.72% Change: After closing the last trading session at $96.14, INMODE LTD. ORDINARY SHARES opened today at $100.79 and has reached a high of $106.00. Trade approach: A movement as big as 8.72% is a significantly bullish indicator, so this trade is designed to be profitable if INMD maintains its current direction and does not revert back to pricing on the bearish side of $104.52 on 16-Jul-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 INMODE LTD. ORDINARY SHARES closes at or above $103.90 on 16-Jul-2021. Based on our risk-neutral analysis, there is a 54.33% 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.