Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for J.M. SMUCKER (SJM) for the 21-Aug-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SJM was recently trading at $108.14 and has an implied volatility of 28.86% for this period. Based on an analysis of the options available for SJM expiring on 21-Aug-2020, there is a 29.99% likelihood that the underlying will close within the analyzed range of $108.14-$116.08 at expiration. In this scenario, the average linear return for the trade would be 60.21%. Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, J.M. SMUCKER was recently trending, indicating that breaking news and/or market activity has significantly impacted sentiment toward the stock. This movement can be interpretted as a sign of more near-term price movement for the underlying. Trade approach: The recent sentiment change in SJM on StockTwits appears to be moderately positive, indicating that the stock is likely to follow in that direction for investors trading on sentiment. As a result, a bullish strategy could prove effective if the sentiment ultimately turns out to drive trading. Upside potential: Using this bullish strategy, the trade would be profitable if J.M. SMUCKER closed at or above $107.95 on 21-Aug-2020. Based on our analysis, there is a 46.74% 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.