Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for YAMANA GOLD (AUY) for the 17-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. AUY was recently trading at $5.34 and has an implied volatility of 66.20% for this period. Based on an analysis of the options available for AUY expiring on 17-Jul-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $5.33-$6.96 at expiration. In this scenario, the average linear return for the trade would be 87.14%. Big 7.44% Change: After closing the last trading session at $4.97, YAMANA GOLD opened today at $5.14 and has reached a high of $5.38. Trade approach: A movement as big as 7.44% is a significantly bullish indicator, so this trade is designed to be profitable if AUY maintains its current direction and does not revert back to pricing on the bearish side of $5.34 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 YAMANA GOLD closes at or above $5.26 on 17-Jul-2020. Based on our risk-neutral analysis, there is a 51.86% 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.