Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for EDWARDS LIFESCIENCES (EW) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. EW was recently trading at $85.01 and has an implied volatility of 29.50% for this period. Based on an analysis of the options available for EW expiring on 16-Oct-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $85.03-$94.34 at expiration. In this scenario, the average linear return for the trade would be 44.93%. 52 week high: EDWARDS LIFESCIENCES recently reached a new 52-week high at $85.83. EW had traded in the range $51.51-$84.60 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 EW maintains its current direction and does not revert back to pricing on the bearish side of $85.01 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 EDWARDS LIFESCIENCES closes at or above $83.45 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 57.14% 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.