Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for WESTERN DIGITAL (WDC) for the 24-Jan-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. WDC was recently trading at $58.13 and has an implied volatility of 39.60% for this period. Based on an analysis of the options available for WDC expiring on 24-Jan-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $57.74-$66.01 at expiration. In this scenario, the average linear return for the trade would be 40.92%. Big 7.05% Change: After closing the last trading session at $54.30, WESTERN DIGITAL opened today at $56.32 and has reached a high of $58.21. Trade approach: A movement as big as 7.05% is a significantly bullish indicator, so this trade is designed to be profitable if WDC maintains its current direction and does not revert back to pricing on the bearish side of $58.13 on 24-Jan-2020. 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 WESTERN DIGITAL closes at or above $57.69 on 24-Jan-2020. Based on our risk-neutral analysis, there is a 50.24% 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.