Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for BILL.COM HOLDINGS INC (BILL) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. BILL was recently trading at $127.51 and has an implied volatility of 55.59% for this period. Based on an analysis of the options available for BILL expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $127.53-$154.10 at expiration. In this scenario, the average linear return for the trade would be 63.60%. Big 7.19% Change: After closing the last trading session at $118.96, BILL.COM HOLDINGS INC opened today at $121.89 and has reached a high of $127.70. Trade approach: A movement as big as 7.19% is a significantly bullish indicator, so this trade is designed to be profitable if BILL maintains its current direction and does not revert back to pricing on the bearish side of $127.51 on 15-Jan-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 BILL.COM HOLDINGS INC closes at or above $126.40 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 51.88% 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.