Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for DADA NEXUS LIMITED (DADA) for the 20-Aug-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. DADA was recently trading at $30.86 and has an implied volatility of 63.07% for this period. Based on an analysis of the options available for DADA expiring on 20-Aug-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $30.87-$40.14 at expiration. In this scenario, the average linear return for the trade would be 57.48%. Big 8.28% Change: After closing the last trading session at $28.50, DADA NEXUS LIMITED opened today at $29.39 and has reached a high of $31.16. Trade approach: A movement as big as 8.28% is a significantly bullish indicator, so this trade is designed to be profitable if DADA maintains its current direction and does not revert back to pricing on the bearish side of $30.86 on 20-Aug-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 DADA NEXUS LIMITED closes at or above $30.60 on 20-Aug-2021. Based on our risk-neutral analysis, there is a 51.31% 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.