Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for FIVERR INTERNATIONAL LTD (FVRR) for the 16-Jul-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. FVRR was recently trading at $226.33 and has an implied volatility of 55.24% for this period. Based on an analysis of the options available for FVRR expiring on 16-Jul-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $226.35-$263.95 at expiration. In this scenario, the average linear return for the trade would be 71.27%. Big 7.06% Change: After closing the last trading session at $211.41, FIVERR INTERNATIONAL LTD opened today at $212.00 and has reached a high of $227.31. Trade approach: A movement as big as 7.06% is a significantly bullish indicator, so this trade is designed to be profitable if FVRR maintains its current direction and does not revert back to pricing on the bearish side of $226.33 on 16-Jul-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 FIVERR INTERNATIONAL LTD closes at or above $225.70 on 16-Jul-2021. Based on our risk-neutral analysis, there is a 50.74% 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.