Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for TASKUS INC. CLASS A COMMON STOCK (TASK) for the 19-Nov-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. TASK was recently trading at $77.88 and has an implied volatility of 92.07% for this period. Based on an analysis of the options available for TASK expiring on 19-Nov-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $77.89-$113.25 at expiration. In this scenario, the average linear return for the trade would be 88.91%. 52 week high: TASKUS INC. CLASS A COMMON STOCK recently reached a new 52-week high at $78.22. TASK had traded in the range $26.66-$75.97 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 TASK maintains its current direction and does not revert back to pricing on the bearish side of $77.88 on 19-Nov-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 TASKUS INC. CLASS A COMMON STOCK closes at or above $77.40 on 19-Nov-2021. Based on our risk-neutral analysis, there is a 50.67% 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.