Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for ROKU INC. CLASS A COMMON STOCK (ROKU) for the 31-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. ROKU was recently trading at $164.04 and has an implied volatility of 81.27% for this period. Based on an analysis of the options available for ROKU expiring on 31-Jul-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $164.05-$196.84 at expiration. In this scenario, the average linear return for the trade would be 104.21%. Big 7.18% Change: After closing the last trading session at $153.05, ROKU INC. CLASS A COMMON STOCK opened today at $158.99 and has reached a high of $166.18. Trade approach: A movement as big as 7.18% is a significantly bullish indicator, so this trade is designed to be profitable if ROKU maintains its current direction and does not revert back to pricing on the bearish side of $164.04 on 31-Jul-2020. 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 ROKU INC. CLASS A COMMON STOCK closes at or above $163.55 on 31-Jul-2020. Based on our risk-neutral analysis, there is a 50.67% 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.