Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for THE GOODYEAR TIRE & RUBBER COM (GT) for the 17-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. GT was recently trading at $9.16 and has an implied volatility of 71.01% for this period. Based on an analysis of the options available for GT expiring on 17-Jul-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $9.16-$10.13 at expiration. In this scenario, the average linear return for the trade would be 24.05%. Big 7.13% Change: After closing the last trading session at $8.55, THE GOODYEAR TIRE & RUBBER COM opened today at $8.55 and has reached a high of $9.17. Trade approach: A movement as big as 7.13% is a significantly bullish indicator, so this trade is designed to be profitable if GT maintains its current direction and does not revert back to pricing on the bearish side of $9.16 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 THE GOODYEAR TIRE & RUBBER COM closes at or above $9.15 on 17-Jul-2020. Based on our risk-neutral analysis, there is a 50.45% 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.