Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for HCA HEALTHCARE INC (HCA) for the 1-May-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. HCA was recently trading at $100.57 and has an implied volatility of 65.93% for this period. Based on an analysis of the options available for HCA expiring on 1-May-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $100.64-$119.32 at expiration. In this scenario, the average linear return for the trade would be 41.64%. Big 7.47% Change: After closing the last trading session at $93.58, HCA HEALTHCARE INC opened today at $99.51 and has reached a high of $102.61. Trade approach: A movement as big as 7.47% is a significantly bullish indicator, so this trade is designed to be profitable if HCA maintains its current direction and does not revert back to pricing on the bearish side of $100.57 on 1-May-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 HCA HEALTHCARE INC closes at or above $100.60 on 1-May-2020. Based on our risk-neutral analysis, there is a 50.08% 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.