Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for RIOT BLOCKCHAIN INC. COMMON STOCK (RIOT) for the 30-Jul-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. RIOT was recently trading at $37.54 and has an implied volatility of 115.04% for this period. Based on an analysis of the options available for RIOT expiring on 30-Jul-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $37.54-$56.56 at expiration. In this scenario, the average linear return for the trade would be 107.12%. Big 20.98% Change: After closing the last trading session at $31.03, RIOT BLOCKCHAIN INC. COMMON STOCK opened today at $34.01 and has reached a high of $37.87. Trade approach: A movement as big as 20.98% is a significantly bullish indicator, so this trade is designed to be profitable if RIOT maintains its current direction and does not revert back to pricing on the bearish side of $37.54 on 30-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 RIOT BLOCKCHAIN INC. COMMON STOCK closes at or above $37.50 on 30-Jul-2021. Based on our risk-neutral analysis, there is a 50.11% 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.