Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for VERACYTE INC. COMMON STOCK (VCYT) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. VCYT was recently trading at $57.81 and has an implied volatility of 97.43% for this period. Based on an analysis of the options available for VCYT expiring on 19-Feb-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $57.82-$76.55 at expiration. In this scenario, the average linear return for the trade would be 51.02%. Big 8.26% Change: After closing the last trading session at $53.40, VERACYTE INC. COMMON STOCK opened today at $54.31 and has reached a high of $59.47. Trade approach: A movement as big as 8.26% is a significantly bullish indicator, so this trade is designed to be profitable if VCYT maintains its current direction and does not revert back to pricing on the bearish side of $57.81 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 VERACYTE INC. COMMON STOCK closes at or above $56.50 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 53.27% 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.