Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for ENPHASE ENERGY (ENPH) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. ENPH was recently trading at $139.71 and has an implied volatility of 70.64% for this period. Based on an analysis of the options available for ENPH expiring on 19-Feb-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $139.76-$197.01 at expiration. In this scenario, the average linear return for the trade would be 97.87%. 52 week high: ENPHASE ENERGY recently reached a new 52-week high at $140.20. ENPH had traded in the range $19.25-$134.85 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 ENPH maintains its current direction and does not revert back to pricing on the bearish side of $139.71 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 ENPHASE ENERGY closes at or above $139.45 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 50.26% 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.