Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for AEROVIRONMENT (AVAV) for the 20-Nov-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. AVAV was recently trading at $71.55 and has an implied volatility of 47.53% for this period. Based on an analysis of the options available for AVAV expiring on 20-Nov-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $71.56-$84.30 at expiration. In this scenario, the average linear return for the trade would be 21.68%. Big 9.67% Change: After closing the last trading session at $65.24, AEROVIRONMENT opened today at $69.99 and has reached a high of $74.56. Trade approach: A movement as big as 9.67% is a significantly bullish indicator, so this trade is designed to be profitable if AVAV maintains its current direction and does not revert back to pricing on the bearish side of $71.55 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 AEROVIRONMENT closes at or above $70.95 on 20-Nov-2020. Based on our risk-neutral analysis, there is a 52.09% 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.