Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for DULUTH HOLDINGS INC. CLASS B COMMON STOCK (DLTH) for the 21-May-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. DLTH was recently trading at $17.90 and has an implied volatility of 60.68% for this period. Based on an analysis of the options available for DLTH expiring on 21-May-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $17.90-$20.94 at expiration. In this scenario, the average linear return for the trade would be 25.00%. Big 9.95% Change: After closing the last trading session at $16.28, DULUTH HOLDINGS INC. CLASS B COMMON STOCK opened today at $16.72 and has reached a high of $18.00. Trade approach: A movement as big as 9.95% is a significantly bullish indicator, so this trade is designed to be profitable if DLTH maintains its current direction and does not revert back to pricing on the bearish side of $17.90 on 21-May-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 DULUTH HOLDINGS INC. CLASS B COMMON STOCK closes at or above $17.00 on 21-May-2021. Based on our risk-neutral analysis, there is a 62.92% 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.