Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for TRIMBLE INC (TRMB) for the 18-Sep-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. TRMB was recently trading at $49.45 and has an implied volatility of 36.31% for this period. Based on an analysis of the options available for TRMB expiring on 18-Sep-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $49.46-$56.05 at expiration. In this scenario, the average linear return for the trade would be 36.14%. Big 7.69% Change: After closing the last trading session at $45.92, TRIMBLE INC opened today at $47.42 and has reached a high of $50.30. Trade approach: A movement as big as 7.69% is a significantly bullish indicator, so this trade is designed to be profitable if TRMB maintains its current direction and does not revert back to pricing on the bearish side of $49.45 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 TRIMBLE INC closes at or above $48.65 on 18-Sep-2020. Based on our risk-neutral analysis, there is a 55.24% 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.