Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for CITRIX SYSTEMS (CTXS) for the 17-Apr-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. CTXS was recently trading at $144.73 and has an implied volatility of 41.57% for this period. Based on an analysis of the options available for CTXS expiring on 17-Apr-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $144.77-$155.29 at expiration. In this scenario, the average linear return for the trade would be 15.74%. 52 week high: CITRIX SYSTEMS recently reached a new 52-week high at $148.00. CTXS had traded in the range $90.28-$146.40 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 CTXS maintains its current direction and does not revert back to pricing on the bearish side of $144.73 on 17-Apr-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 CITRIX SYSTEMS closes at or above $143.50 on 17-Apr-2020. Based on our risk-neutral analysis, there is a 55.00% 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.