Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for REPLIGEN (RGEN) for the 15-Oct-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. RGEN was recently trading at $302.74 and has an implied volatility of 37.46% for this period. Based on an analysis of the options available for RGEN expiring on 15-Oct-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $302.76-$334.18 at expiration. In this scenario, the average linear return for the trade would be 61.93%. 52 week high: REPLIGEN recently reached a new 52-week high at $306.58. RGEN had traded in the range $138.00-$300.09 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 RGEN maintains its current direction and does not revert back to pricing on the bearish side of $302.74 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 REPLIGEN closes at or above $301.70 on 15-Oct-2021. Based on our risk-neutral analysis, there is a 51.41% 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.