Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for AXON ENTERPRISE INC (AAXN) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. AAXN was recently trading at $170.94 and has an implied volatility of 50.61% for this period. Based on an analysis of the options available for AAXN expiring on 19-Feb-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $170.96-$195.30 at expiration. In this scenario, the average linear return for the trade would be 70.71%. 52 week high: AXON ENTERPRISE INC recently reached a new 52-week high at $177.71. AAXN had traded in the range $50.05-$168.48 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 AAXN maintains its current direction and does not revert back to pricing on the bearish side of $170.94 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 AXON ENTERPRISE INC closes at or above $170.60 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 50.62% 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.