Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for WAYFAIR INC (W) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. W was recently trading at $333.98 and has an implied volatility of 71.89% for this period. Based on an analysis of the options available for W expiring on 19-Feb-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $334.02-$418.96 at expiration. In this scenario, the average linear return for the trade would be 83.30%. 52 week high: WAYFAIR INC recently reached a new 52-week high at $369.00. W had traded in the range $21.70-$349.08 over the past year. Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if W maintains its current direction and does not revert back to pricing on the bearish side of $333.98 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 WAYFAIR INC closes at or above $332.90 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 50.59% 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.