Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for MASIMO (MASI) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. MASI was recently trading at $266.18 and has an implied volatility of 33.67% for this period. Based on an analysis of the options available for MASI expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $266.23-$298.52 at expiration. In this scenario, the average linear return for the trade would be 51.61%. 52 week high: MASIMO recently reached a new 52-week high at $267.97. MASI had traded in the range $143.90-$259.29 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 MASI maintains its current direction and does not revert back to pricing on the bearish side of $266.18 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 MASIMO closes at or above $264.70 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 52.00% 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.