Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for ZENDESK INC (ZEN) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. ZEN was recently trading at $127.31 and has an implied volatility of 38.41% for this period. Based on an analysis of the options available for ZEN expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $127.34-$147.46 at expiration. In this scenario, the average linear return for the trade would be 68.34%. 52 week high: ZENDESK INC recently reached a new 52-week high at $128.44. ZEN had traded in the range $50.23-$128.05 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 ZEN maintains its current direction and does not revert back to pricing on the bearish side of $127.31 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 ZENDESK INC closes at or above $125.80 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 53.30% 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.