Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for MARATHON DIGITAL HOLDINGS INC (MARA) for the 5-Nov-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. MARA was recently trading at $43.14 and has an implied volatility of 95.23% for this period. Based on an analysis of the options available for MARA expiring on 5-Nov-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $43.14-$55.44 at expiration. In this scenario, the average linear return for the trade would be 88.98%. Big 9.24% Change: After closing the last trading session at $39.49, MARATHON DIGITAL HOLDINGS INC opened today at $40.56 and has reached a high of $43.49. Trade approach: A movement as big as 9.24% is a significantly bullish indicator, so this trade is designed to be profitable if MARA maintains its current direction and does not revert back to pricing on the bearish side of $43.14 on 5-Nov-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 MARATHON DIGITAL HOLDINGS INC closes at or above $42.94 on 5-Nov-2021. Based on our risk-neutral analysis, there is a 50.75% 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.