Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for CITI TRENDS (CTRN) for the 21-May-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. CTRN was recently trading at $96.88 and has an implied volatility of 59.94% for this period. Based on an analysis of the options available for CTRN expiring on 21-May-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $96.88-$106.08 at expiration. In this scenario, the average linear return for the trade would be 21.11%. Big 7.39% Change: After closing the last trading session at $90.21, CITI TRENDS opened today at $90.70 and has reached a high of $98.44. Trade approach: A movement as big as 7.39% is a significantly bullish indicator, so this trade is designed to be profitable if CTRN maintains its current direction and does not revert back to pricing on the bearish side of $96.88 on 21-May-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 CITI TRENDS closes at or above $96.85 on 21-May-2021. Based on our risk-neutral analysis, there is a 50.12% 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.