Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for NU SKIN ENTERPRISES (NUS) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. NUS was recently trading at $52.47 and has an implied volatility of 42.96% for this period. Based on an analysis of the options available for NUS expiring on 16-Oct-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $52.48-$59.27 at expiration. In this scenario, the average linear return for the trade would be 36.52%. 52 week high: NU SKIN ENTERPRISES recently reached a new 52-week high at $52.74. NUS had traded in the range $12.30-$52.44 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 NUS maintains its current direction and does not revert back to pricing on the bearish side of $52.47 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 NU SKIN ENTERPRISES closes at or above $51.90 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 53.62% 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.