Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for POOL (POOL) for the 18-Sep-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. POOL was recently trading at $304.85 and has an implied volatility of 32.99% for this period. Based on an analysis of the options available for POOL expiring on 18-Sep-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $304.93-$347.13 at expiration. In this scenario, the average linear return for the trade would be 40.17%. 52 week high: POOL recently reached a new 52-week high at $306.39. POOL had traded in the range $160.35-$304.66 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 POOL maintains its current direction and does not revert back to pricing on the bearish side of $304.85 on 18-Sep-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 POOL closes at or above $303.30 on 18-Sep-2020. Based on our risk-neutral analysis, there is a 51.65% 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.