Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for AMERICAN TOWER (AMT) for the 24-Apr-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. AMT was recently trading at $244.15 and has an implied volatility of 43.93% for this period. Based on an analysis of the options available for AMT expiring on 24-Apr-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $243.17-$266.76 at expiration. In this scenario, the average linear return for the trade would be 25.34%. Big 7.19% Change: After closing the last trading session at $227.77, AMERICAN TOWER opened today at $229.64 and has reached a high of $244.44. Trade approach: A movement as big as 7.19% is a significantly bullish indicator, so this trade is designed to be profitable if AMT maintains its current direction and does not revert back to pricing on the bearish side of $244.15 on 24-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 TOWER closes at or above $242.45 on 24-Apr-2020. Based on our risk-neutral analysis, there is a 51.28% 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.