Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for STITCH FIX INC. CLASS A COMMON STOCK (SFIX) for the 5-Mar-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SFIX was recently trading at $88.07 and has an implied volatility of 76.46% for this period. Based on an analysis of the options available for SFIX expiring on 5-Mar-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $88.08-$114.28 at expiration. In this scenario, the average linear return for the trade would be 88.34%. Big 7.28% Change: After closing the last trading session at $82.09, STITCH FIX INC. CLASS A COMMON STOCK opened today at $82.47 and has reached a high of $88.38. Trade approach: A movement as big as 7.28% is a significantly bullish indicator, so this trade is designed to be profitable if SFIX maintains its current direction and does not revert back to pricing on the bearish side of $88.07 on 5-Mar-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 STITCH FIX INC. CLASS A COMMON STOCK closes at or above $87.55 on 5-Mar-2021. Based on our risk-neutral analysis, there is a 50.93% 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.