Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for ARAMARK (ARMK) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. ARMK was recently trading at $26.73 and has an implied volatility of 53.10% for this period. Based on an analysis of the options available for ARMK expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $26.74-$32.57 at expiration. In this scenario, the average linear return for the trade would be 59.17%. Big 7.48% Change: After closing the last trading session at $24.87, ARAMARK opened today at $25.13 and has reached a high of $26.82. Trade approach: A movement as big as 7.48% is a significantly bullish indicator, so this trade is designed to be profitable if ARMK maintains its current direction and does not revert back to pricing on the bearish side of $26.73 on 16-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 ARAMARK closes at or above $26.40 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 52.56% 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.