Quantchabot has detected a new Bull Put Spread trade opportunity for POLARIS INC (PII) for the 17-Apr-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
PII was recently trading at $56.05 and has an implied volatility of 87.75% for this period. Based on an analysis of the options available for PII expiring on 17-Apr-2026, there is a 35.48% likelihood that the underlying will close within the analyzed range of $56.06-$59.41 at expiration. In this scenario, the average linear return for the trade would be 11.11%.
Big 17.06% Change: After closing the last trading session at $47.88, POLARIS INC opened today at $47.97 and has reached a high of $56.22.
Trade approach: A movement as big as 17.06% is a significantly bullish indicator, so this trade is designed to be profitable if PII maintains its current direction and does not revert back to pricing on the bearish side of $56.05 on 17-Apr-2026. 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 POLARIS INC closes at or above $54.50 on 17-Apr-2026. Based on our risk-neutral analysis, there is a 69.60% 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.
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