Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for TRIP.COM GROUP LTD ADS (TCOM) for the 18-Feb-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. TCOM was recently trading at $24.52 and has an implied volatility of 45.71% for this period. Based on an analysis of the options available for TCOM expiring on 18-Feb-2022, there is a 34.14% likelihood that the underlying will close within the analyzed range of $24.52-$29.06 at expiration. In this scenario, the average linear return for the trade would be 54.02%. Big 7.21% Change: After closing the last trading session at $22.87, TRIP.COM GROUP LTD ADS opened today at $22.88 and has reached a high of $24.58. Trade approach: A movement as big as 7.21% is a significantly bullish indicator, so this trade is designed to be profitable if TCOM maintains its current direction and does not revert back to pricing on the bearish side of $24.52 on 18-Feb-2022. 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 TRIP.COM GROUP LTD ADS closes at or above $24.40 on 18-Feb-2022. Based on our risk-neutral analysis, there is a 51.19% 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.