Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for M/I HOMES (MHO) for the 15-Oct-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. MHO was recently trading at $65.93 and has an implied volatility of 39.01% for this period. Based on an analysis of the options available for MHO expiring on 15-Oct-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $65.94-$79.01 at expiration. In this scenario, the average linear return for the trade would be 38.47%. Big 8.28% Change: After closing the last trading session at $60.89, M/I HOMES opened today at $61.89 and has reached a high of $66.25. Trade approach: A movement as big as 8.28% is a significantly bullish indicator, so this trade is designed to be profitable if MHO maintains its current direction and does not revert back to pricing on the bearish side of $65.93 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 M/I HOMES closes at or above $65.25 on 15-Oct-2021. Based on our risk-neutral analysis, there is a 52.33% 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.