Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for DANAHER (DHR) for the 18-Sep-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. DHR was recently trading at $206.87 and has an implied volatility of 22.26% for this period. Based on an analysis of the options available for DHR expiring on 18-Sep-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $206.89-$219.40 at expiration. In this scenario, the average linear return for the trade would be 49.96%. 52 week high: DANAHER recently reached a new 52-week high at $209.38. DHR had traded in the range $119.60-$209.15 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 DHR maintains its current direction and does not revert back to pricing on the bearish side of $206.87 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 DANAHER closes at or above $206.35 on 18-Sep-2020. Based on our risk-neutral analysis, there is a 51.78% 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.