Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for THE HONEST COMPANY INC. COMMON STOCK (HNST) for the 19-Nov-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. HNST was recently trading at $9.38 and has an implied volatility of 67.83% for this period. Based on an analysis of the options available for HNST expiring on 19-Nov-2021, there is a 34.15% likelihood that the underlying will close within the analyzed range of $9.38-$11.30 at expiration. In this scenario, the average linear return for the trade would be 43.78%. Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, THE HONEST COMPANY INC. COMMON STOCK was recently trending, indicating that breaking news and/or market activity has significantly impacted sentiment toward the stock. This movement can be interpretted as a sign of more near-term price movement for the underlying. Trade approach: The recent sentiment change in HNST on StockTwits appears to be moderately positive, indicating that the stock is likely to follow in that direction for investors trading on sentiment. As a result, a bullish strategy could prove effective if the sentiment ultimately turns out to drive trading. Upside potential: Using this bullish strategy, the trade would be profitable if THE HONEST COMPANY INC. COMMON STOCK closed at or above $9.15 on 19-Nov-2021. Based on our analysis, there is a 55.33% 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.