Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for KRISPY KREME INC. COMMON STOCK (DNUT) for the 21-Jan-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. DNUT was recently trading at $17.57 and has an implied volatility of 67.09% for this period. Based on an analysis of the options available for DNUT expiring on 21-Jan-2022, there is a 34.14% likelihood that the underlying will close within the analyzed range of $17.57-$20.89 at expiration. In this scenario, the average linear return for the trade would be 55.00%. Big 8.32% Change: After closing the last trading session at $16.22, KRISPY KREME INC. COMMON STOCK opened today at $16.24 and has reached a high of $17.62. Trade approach: A movement as big as 8.32% is a significantly bullish indicator, so this trade is designed to be profitable if DNUT maintains its current direction and does not revert back to pricing on the bearish side of $17.57 on 21-Jan-2022. 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 KRISPY KREME INC. COMMON STOCK closes at or above $17.55 on 21-Jan-2022. Based on our risk-neutral analysis, there is a 50.28% 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.