Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for TELADOC HEALTH INC (TDOC) for the 26-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. TDOC was recently trading at $254.18 and has an implied volatility of 57.35% for this period. Based on an analysis of the options available for TDOC expiring on 26-Feb-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $254.21-$303.83 at expiration. In this scenario, the average linear return for the trade would be 57.09%. 52 week high: TELADOC HEALTH INC recently reached a new 52-week high at $254.47. TDOC had traded in the range $93.56-$253.00 over the past year. Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if TDOC maintains its current direction and does not revert back to pricing on the bearish side of $254.18 on 26-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 TELADOC HEALTH INC closes at or above $253.45 on 26-Feb-2021. 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.