Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for ISHARES IBOXX $ HIGH YIELD COR (HYG) for the 24-Apr-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. HYG was recently trading at $82.36 and has an implied volatility of 26.24% for this period. Based on an analysis of the options available for HYG expiring on 24-Apr-2020, there is a 34.39% likelihood that the underlying will close within the analyzed range of $82.36-$86.88 at expiration. In this scenario, the average linear return for the trade would be 31.37%. Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, ISHARES IBOXX $ HIGH YIELD COR was recently trending, indicating that breaking news and/or market activity has significantly impacted sentiment toward the stock. This movement can be interpretted as a sign of more near-term price movement for the underlying. Trade approach: The recent sentiment change in HYG on StockTwits appears to be significantly positive, indicating that the stock is likely to follow in that direction for investors trading on sentiment. As a result, a bullish strategy could prove effective if the sentiment ultimately turns out to drive trading. Upside potential: Using this bullish strategy, the trade would be profitable if ISHARES IBOXX $ HIGH YIELD COR closed at or above $82.24 on 24-Apr-2020. Based on our analysis, there is a 51.35% 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.