Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for ALPHABET INC CLASS C (GOOG) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. GOOG was recently trading at $1,659.12 and has an implied volatility of 36.12% for this period. Based on an analysis of the options available for GOOG expiring on 16-Oct-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $1,659.44-$1,884.54 at expiration. In this scenario, the average linear return for the trade would be 70.04%. 52 week high: ALPHABET INC CLASS C recently reached a new 52-week high at $1,661.49. GOOG had traded in the range $1,013.54-$1,659.22 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 GOOG maintains its current direction and does not revert back to pricing on the bearish side of $1,659.12 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 ALPHABET INC CLASS C closes at or above $1,658.10 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 50.25% 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.