Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for UNITED AIRLINES HOLDINGS INC (UAL) for the 17-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. UAL was recently trading at $34.31 and has an implied volatility of 99.21% for this period. Based on an analysis of the options available for UAL expiring on 17-Jul-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $34.31-$37.16 at expiration. In this scenario, the average linear return for the trade would be 70.80%. Big 8.10% Change: After closing the last trading session at $31.74, UNITED AIRLINES HOLDINGS INC opened today at $34.13 and has reached a high of $34.58. Trade approach: A movement as big as 8.10% is a significantly bullish indicator, so this trade is designed to be profitable if UAL maintains its current direction and does not revert back to pricing on the bearish side of $34.31 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 UNITED AIRLINES HOLDINGS INC closes at or above $34.11 on 17-Jul-2020. Based on our risk-neutral analysis, there is a 52.93% 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.