Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for ROYAL GOLD (RGLD) for the 17-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. RGLD was recently trading at $137.60 and has an implied volatility of 49.38% for this period. Based on an analysis of the options available for RGLD expiring on 17-Jul-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $137.64-$167.95 at expiration. In this scenario, the average linear return for the trade would be 74.32%. 52 week high: ROYAL GOLD recently reached a new 52-week high at $139.16. RGLD had traded in the range $59.78-$138.78 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 RGLD maintains its current direction and does not revert back to pricing on the bearish side of $137.60 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 ROYAL GOLD closes at or above $135.80 on 17-Jul-2020. Based on our risk-neutral analysis, there is a 52.69% 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.