Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for GIBRALTAR INDUSTRIES (ROCK) for the 18-Sep-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. ROCK was recently trading at $68.42 and has an implied volatility of 37.91% for this period. Based on an analysis of the options available for ROCK expiring on 18-Sep-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $68.43-$77.00 at expiration. In this scenario, the average linear return for the trade would be 19.70%. 52 week high: GIBRALTAR INDUSTRIES recently reached a new 52-week high at $68.69. ROCK had traded in the range $30.60-$68.61 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 ROCK maintains its current direction and does not revert back to pricing on the bearish side of $68.42 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 GIBRALTAR INDUSTRIES closes at or above $68.20 on 18-Sep-2020. Based on our risk-neutral analysis, there is a 51.14% 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.