Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for S & P GLOBAL INC (SPGI) for the 24-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SPGI was recently trading at $353.07 and has an implied volatility of 27.67% for this period. Based on an analysis of the options available for SPGI expiring on 24-Jul-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $353.10-$374.34 at expiration. In this scenario, the average linear return for the trade would be 51.06%. 52 week high: S & P GLOBAL INC recently reached a new 52-week high at $354.01. SPGI had traded in the range $186.06-$339.29 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 SPGI maintains its current direction and does not revert back to pricing on the bearish side of $353.07 on 24-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 S & P GLOBAL INC closes at or above $352.90 on 24-Jul-2020. Based on our risk-neutral analysis, there is a 50.38% 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.