Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for BIO-RAD LABORATORIES (BIO) for the 17-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. BIO was recently trading at $468.61 and has an implied volatility of 31.40% for this period. Based on an analysis of the options available for BIO expiring on 17-Jul-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $468.75-$532.51 at expiration. In this scenario, the average linear return for the trade would be 39.28%. 52 week high: BIO-RAD LABORATORIES recently reached a new 52-week high at $479.52. BIO had traded in the range $281.66-$474.45 over the past year. Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if BIO maintains its current direction and does not revert back to pricing on the bearish side of $468.61 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 BIO-RAD LABORATORIES closes at or above $467.80 on 17-Jul-2020. Based on our risk-neutral analysis, there is a 50.64% 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.