Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for ZEBRA TECHNOLOGIES (ZBRA) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. ZBRA was recently trading at $382.71 and has an implied volatility of 37.48% for this period. Based on an analysis of the options available for ZBRA expiring on 19-Feb-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $382.82-$449.13 at expiration. In this scenario, the average linear return for the trade would be 65.15%. 52 week high: ZEBRA TECHNOLOGIES recently reached a new 52-week high at $388.92. ZBRA had traded in the range $150.06-$382.96 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 ZBRA maintains its current direction and does not revert back to pricing on the bearish side of $382.71 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 ZEBRA TECHNOLOGIES closes at or above $382.50 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 50.21% 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.