Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for ANAPLAN INC. (PLAN) for the 20-Nov-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. PLAN was recently trading at $63.03 and has an implied volatility of 56.06% for this period. Based on an analysis of the options available for PLAN expiring on 20-Nov-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $63.04-$78.11 at expiration. In this scenario, the average linear return for the trade would be 78.72%. 52 week high: ANAPLAN INC. recently reached a new 52-week high at $64.31. PLAN had traded in the range $26.04-$63.71 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 PLAN maintains its current direction and does not revert back to pricing on the bearish side of $63.03 on 20-Nov-2020. 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 ANAPLAN INC. closes at or above $62.70 on 20-Nov-2020. Based on our risk-neutral analysis, there is a 51.02% 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.