Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for KKR & CO INC (KKR) for the 18-Sep-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. KKR was recently trading at $36.09 and has an implied volatility of 35.47% for this period. Based on an analysis of the options available for KKR expiring on 18-Sep-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $35.96-$40.69 at expiration. In this scenario, the average linear return for the trade would be 54.29%. 52 week high: KKR & CO INC recently reached a new 52-week high at $36.83. KKR had traded in the range $15.55-$35.98 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 KKR maintains its current direction and does not revert back to pricing on the bearish side of $36.09 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 KKR & CO INC closes at or above $35.85 on 18-Sep-2020. Based on our risk-neutral analysis, there is a 51.01% 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.