Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for REGENERON PHARMACEUTICALS (REGN) for the 17-Apr-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. REGN was recently trading at $474.94 and has an implied volatility of 40.40% for this period. Based on an analysis of the options available for REGN expiring on 17-Apr-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $475.73-$547.08 at expiration. In this scenario, the average linear return for the trade would be 55.16%. 52 week high: REGENERON PHARMACEUTICALS recently reached a new 52-week high at $477.10. REGN had traded in the range $271.37-$470.00 over the past year. Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if REGN maintains its current direction and does not revert back to pricing on the bearish side of $474.94 on 17-Apr-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 REGENERON PHARMACEUTICALS closes at or above $474.60 on 17-Apr-2020. Based on our risk-neutral analysis, there is a 50.68% 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.