Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for DROPBOX INC. CLASS A COMMON STOCK (DBX) for the 17-Apr-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. DBX was recently trading at $22.38 and has an implied volatility of 41.53% for this period. Based on an analysis of the options available for DBX expiring on 17-Apr-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $22.43-$26.44 at expiration. In this scenario, the average linear return for the trade would be 57.39%. Big 19.56% Change: After closing the last trading session at $18.72, DROPBOX INC. CLASS A COMMON STOCK opened today at $21.99 and has reached a high of $23.73. Trade approach: A movement as big as 19.56% is a significantly bullish indicator, so this trade is designed to be profitable if DBX maintains its current direction and does not revert back to pricing on the bearish side of $22.38 on 17-Apr-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 DROPBOX INC. CLASS A COMMON STOCK closes at or above $22.30 on 17-Apr-2020. Based on our risk-neutral analysis, there is a 51.43% 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.