Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for PLANET FITNESS INC (PLNT) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. PLNT was recently trading at $74.78 and has an implied volatility of 49.37% for this period. Based on an analysis of the options available for PLNT expiring on 19-Feb-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $74.81-$95.24 at expiration. In this scenario, the average linear return for the trade would be 68.66%. Big 8.21% Change: After closing the last trading session at $69.11, PLANET FITNESS INC opened today at $70.73 and has reached a high of $75.43. Trade approach: A movement as big as 8.21% is a significantly bullish indicator, so this trade is designed to be profitable if PLNT maintains its current direction and does not revert back to pricing on the bearish side of $74.78 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 PLANET FITNESS INC closes at or above $74.30 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 51.13% 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.