Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for PALANTIR TECHNOLOGIES INC (PLTR) for the 5-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. PLTR was recently trading at $35.90 and has an implied volatility of 155.97% for this period. Based on an analysis of the options available for PLTR expiring on 5-Feb-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $35.90-$47.27 at expiration. In this scenario, the average linear return for the trade would be 134.54%. 52 week high: PALANTIR TECHNOLOGIES INC recently reached a new 52-week high at $39.58. PLTR had traded in the range $8.90-$33.50 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 PLTR maintains its current direction and does not revert back to pricing on the bearish side of $35.90 on 5-Feb-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 PALANTIR TECHNOLOGIES INC closes at or above $35.89 on 5-Feb-2021. Based on our risk-neutral analysis, there is a 50.05% 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.