Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for DATADOG INC. (DDOG) for the 16-Jul-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. DDOG was recently trading at $77.55 and has an implied volatility of 50.02% for this period. Based on an analysis of the options available for DDOG expiring on 16-Jul-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $77.56-$96.62 at expiration. In this scenario, the average linear return for the trade would be 67.26%. Big 8.67% Change: After closing the last trading session at $71.36, DATADOG INC. opened today at $79.34 and has reached a high of $79.78. Trade approach: A movement as big as 8.67% is a significantly bullish indicator, so this trade is designed to be profitable if DDOG maintains its current direction and does not revert back to pricing on the bearish side of $77.55 on 16-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 DATADOG INC. closes at or above $75.85 on 16-Jul-2021. Based on our risk-neutral analysis, there is a 54.05% 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.