Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for DOCUSIGN INC. COMMON STOCK (DOCU) for the 27-Aug-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. DOCU was recently trading at $297.45 and has an implied volatility of 38.22% for this period. Based on an analysis of the options available for DOCU expiring on 27-Aug-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $297.48-$336.72 at expiration. In this scenario, the average linear return for the trade would be 54.77%. 52 week high: DOCUSIGN INC. COMMON STOCK recently reached a new 52-week high at $299.02. DOCU had traded in the range $179.49-$298.75 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 DOCU maintains its current direction and does not revert back to pricing on the bearish side of $297.45 on 27-Aug-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 DOCUSIGN INC. COMMON STOCK closes at or above $296.00 on 27-Aug-2021. Based on our risk-neutral analysis, there is a 51.61% 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.