Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for ROPER TECHNOLOGIES INC (ROP) for the 18-Sep-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. ROP was recently trading at $442.65 and has an implied volatility of 24.93% for this period. Based on an analysis of the options available for ROP expiring on 18-Sep-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $442.72-$480.48 at expiration. In this scenario, the average linear return for the trade would be 24.98%. 52 week high: ROPER TECHNOLOGIES INC recently reached a new 52-week high at $444.06. ROP had traded in the range $240.00-$441.38 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 ROP maintains its current direction and does not revert back to pricing on the bearish side of $442.65 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 ROPER TECHNOLOGIES INC closes at or above $441.30 on 18-Sep-2020. Based on our risk-neutral analysis, there is a 51.57% 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.