Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for AFFIRM HOLDINGS INC. CLASS A COMMON STOCK (AFRM) for the 20-Aug-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. AFRM was recently trading at $61.18 and has an implied volatility of 69.57% for this period. Based on an analysis of the options available for AFRM expiring on 20-Aug-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $61.19-$71.53 at expiration. In this scenario, the average linear return for the trade would be 62.83%. Big 8.64% Change: After closing the last trading session at $56.32, AFFIRM HOLDINGS INC. CLASS A COMMON STOCK opened today at $57.88 and has reached a high of $61.98. Trade approach: A movement as big as 8.64% is a significantly bullish indicator, so this trade is designed to be profitable if AFRM maintains its current direction and does not revert back to pricing on the bearish side of $61.18 on 20-Aug-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 AFFIRM HOLDINGS INC. CLASS A COMMON STOCK closes at or above $60.60 on 20-Aug-2021. Based on our risk-neutral analysis, there is a 52.46% 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.