Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for SCIENTIFIC GAMES (SGMS) for the 23-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SGMS was recently trading at $28.86 and has an implied volatility of 73.46% for this period. Based on an analysis of the options available for SGMS expiring on 23-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $28.86-$36.62 at expiration. In this scenario, the average linear return for the trade would be 33.29%. Big 9.18% Change: After closing the last trading session at $26.43, SCIENTIFIC GAMES opened today at $27.12 and has reached a high of $29.27. Trade approach: A movement as big as 9.18% is a significantly bullish indicator, so this trade is designed to be profitable if SGMS maintains its current direction and does not revert back to pricing on the bearish side of $28.86 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 SCIENTIFIC GAMES closes at or above $28.85 on 23-Oct-2020. Based on our risk-neutral analysis, there is a 50.06% 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.