Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for ARCHER-DANIELS MIDLAND (ADM) for the 23-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. ADM was recently trading at $47.66 and has an implied volatility of 29.41% for this period. Based on an analysis of the options available for ADM expiring on 23-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $47.67-$52.50 at expiration. In this scenario, the average linear return for the trade would be 50.50%. 52 week high: ARCHER-DANIELS MIDLAND recently reached a new 52-week high at $47.70. ADM had traded in the range $28.92-$47.20 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 ADM maintains its current direction and does not revert back to pricing on the bearish side of $47.66 on 23-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 ARCHER-DANIELS MIDLAND closes at or above $47.60 on 23-Oct-2020. Based on our risk-neutral analysis, there is a 50.59% 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.