Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for JPMORGAN CHASE (JPM) for the 9-Apr-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. JPM was recently trading at $101.13 and has an implied volatility of 60.49% for this period. Based on an analysis of the options available for JPM expiring on 9-Apr-2020, there is a 34.16% likelihood that the underlying will close within the analyzed range of $101.13-$103.14 at expiration. In this scenario, the average linear return for the trade would be 75.98%. Big 7.24% Change: After closing the last trading session at $94.30, JPMORGAN CHASE opened today at $96.92 and has reached a high of $101.84. Trade approach: A movement as big as 7.24% is a significantly bullish indicator, so this trade is designed to be profitable if JPM maintains its current direction and does not revert back to pricing on the bearish side of $101.13 on 9-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 JPMORGAN CHASE closes at or above $101.01 on 9-Apr-2020. Based on our risk-neutral analysis, there is a 52.43% 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.