Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for SEA LTD ADS (SE) for the 21-Aug-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SE was recently trading at $82.94 and has an implied volatility of 58.07% for this period. Based on an analysis of the options available for SE expiring on 21-Aug-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $82.97-$110.23 at expiration. In this scenario, the average linear return for the trade would be 76.60%. 52 week high: SEA LTD ADS recently reached a new 52-week high at $83.05. SE had traded in the range $26.41-$79.19 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 SE maintains its current direction and does not revert back to pricing on the bearish side of $82.94 on 21-Aug-2020. 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 SEA LTD ADS closes at or above $82.80 on 21-Aug-2020. Based on our risk-neutral analysis, there is a 50.29% 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.