Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for SKECHERS USA (SKX) for the 15-Oct-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SKX was recently trading at $54.98 and has an implied volatility of 36.38% for this period. Based on an analysis of the options available for SKX expiring on 15-Oct-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $54.99-$65.50 at expiration. In this scenario, the average linear return for the trade would be 48.20%. Big 7.36% Change: After closing the last trading session at $51.21, SKECHERS USA opened today at $53.71 and has reached a high of $55.87. Trade approach: A movement as big as 7.36% is a significantly bullish indicator, so this trade is designed to be profitable if SKX maintains its current direction and does not revert back to pricing on the bearish side of $54.98 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 SKECHERS USA closes at or above $54.45 on 15-Oct-2021. Based on our risk-neutral analysis, there is a 52.26% 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.