Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for WORKIVA INC (WK) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. WK was recently trading at $87.98 and has an implied volatility of 41.85% for this period. Based on an analysis of the options available for WK expiring on 19-Feb-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $88.01-$104.91 at expiration. In this scenario, the average linear return for the trade would be 49.09%. Big 7.55% Change: After closing the last trading session at $81.81, WORKIVA INC opened today at $84.12 and has reached a high of $88.61. Trade approach: A movement as big as 7.55% is a significantly bullish indicator, so this trade is designed to be profitable if WK maintains its current direction and does not revert back to pricing on the bearish side of $87.98 on 19-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 WORKIVA INC closes at or above $86.60 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 53.66% 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.