Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for KLA CORP (KLAC) for the 2-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. KLAC was recently trading at $208.80 and has an implied volatility of 38.70% for this period. Based on an analysis of the options available for KLAC expiring on 2-Oct-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $207.95-$240.07 at expiration. In this scenario, the average linear return for the trade would be 58.73%. 52 week high: KLA CORP recently reached a new 52-week high at $209.34. KLAC had traded in the range $110.19-$209.30 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 KLAC maintains its current direction and does not revert back to pricing on the bearish side of $208.80 on 2-Oct-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 KLA CORP closes at or above $207.90 on 2-Oct-2020. Based on our risk-neutral analysis, there is a 50.06% 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.