Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for FIRST MAJESTIC SILVER (AG) for the 31-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. AG was recently trading at $13.27 and has an implied volatility of 74.81% for this period. Based on an analysis of the options available for AG expiring on 31-Jul-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $13.27-$14.75 at expiration. In this scenario, the average linear return for the trade would be 71.08%. 52 week high: FIRST MAJESTIC SILVER recently reached a new 52-week high at $13.65. AG had traded in the range $4.17-$12.86 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 AG maintains its current direction and does not revert back to pricing on the bearish side of $13.27 on 31-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 FIRST MAJESTIC SILVER closes at or above $13.25 on 31-Jul-2020. Based on our risk-neutral analysis, there is a 50.58% 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.