Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for RECURSION PHARMACEUTICALS INC. CLASS A (RXRX) for the 15-Oct-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. RXRX was recently trading at $26.85 and has an implied volatility of 82.40% for this period. Based on an analysis of the options available for RXRX expiring on 15-Oct-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $26.85-$35.66 at expiration. In this scenario, the average linear return for the trade would be 14.94%. Big 8.35% Change: After closing the last trading session at $24.78, RECURSION PHARMACEUTICALS INC. CLASS A opened today at $25.05 and has reached a high of $26.95. Trade approach: A movement as big as 8.35% is a significantly bullish indicator, so this trade is designed to be profitable if RXRX maintains its current direction and does not revert back to pricing on the bearish side of $26.85 on 15-Oct-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 RECURSION PHARMACEUTICALS INC. CLASS A closes at or above $24.35 on 15-Oct-2021. Based on our risk-neutral analysis, there is a 63.49% 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.