Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for EXXON MOBIL (XOM) for the 17-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. XOM was recently trading at $45.03 and has an implied volatility of 41.02% for this period. Based on an analysis of the options available for XOM expiring on 17-Jul-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $45.05-$53.22 at expiration. In this scenario, the average linear return for the trade would be 58.23%. Big 7.23% Change: After closing the last trading session at $42.00, EXXON MOBIL opened today at $44.40 and has reached a high of $45.09. Trade approach: A movement as big as 7.23% is a significantly bullish indicator, so this trade is designed to be profitable if XOM maintains its current direction and does not revert back to pricing on the bearish side of $45.03 on 17-Jul-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 EXXON MOBIL closes at or above $44.08 on 17-Jul-2020. Based on our risk-neutral analysis, there is a 55.19% 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.