Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for STAAR SURGICAL (STAA) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. STAA was recently trading at $102.97 and has an implied volatility of 54.26% for this period. Based on an analysis of the options available for STAA expiring on 19-Feb-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $102.98-$118.45 at expiration. In this scenario, the average linear return for the trade would be 43.20%. Big 14.70% Change: After closing the last trading session at $89.77, STAAR SURGICAL opened today at $96.99 and has reached a high of $105.31. Trade approach: A movement as big as 14.70% is a significantly bullish indicator, so this trade is designed to be profitable if STAA maintains its current direction and does not revert back to pricing on the bearish side of $102.97 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 STAAR SURGICAL closes at or above $102.60 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 51.05% 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.