Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for SHERWIN-WILLIAMS (SHW) for the 17-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SHW was recently trading at $601.46 and has an implied volatility of 28.18% for this period. Based on an analysis of the options available for SHW expiring on 17-Jul-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $601.46-$611.91 at expiration. In this scenario, the average linear return for the trade would be 14.94%. 52 week high: SHERWIN-WILLIAMS recently reached a new 52-week high at $603.51. SHW had traded in the range $325.43-$603.36 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 SHW maintains its current direction and does not revert back to pricing on the bearish side of $601.46 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 SHERWIN-WILLIAMS closes at or above $598.70 on 17-Jul-2020. Based on our risk-neutral analysis, there is a 60.55% 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.