Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for AMERICAN EXPRESS (AXP) for the 17-Apr-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. AXP was recently trading at $90.40 and has an implied volatility of 67.46% for this period. Based on an analysis of the options available for AXP expiring on 17-Apr-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $90.43-$101.33 at expiration. In this scenario, the average linear return for the trade would be 50.36%. Big 7.79% Change: After closing the last trading session at $83.87, AMERICAN EXPRESS opened today at $91.43 and has reached a high of $93.30. Trade approach: A movement as big as 7.79% is a significantly bullish indicator, so this trade is designed to be profitable if AXP maintains its current direction and does not revert back to pricing on the bearish side of $90.40 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 AMERICAN EXPRESS closes at or above $90.17 on 17-Apr-2020. Based on our risk-neutral analysis, there is a 51.00% 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.