Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for 51JOB (JOBS) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. JOBS was recently trading at $79.35 and has an implied volatility of 21.85% for this period. Based on an analysis of the options available for JOBS expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $79.36-$84.43 at expiration. In this scenario, the average linear return for the trade would be 37.44%. Big 16.49% Change: After closing the last trading session at $68.12, 51JOB opened today at $77.02 and has reached a high of $80.50. Trade approach: A movement as big as 16.49% is a significantly bullish indicator, so this trade is designed to be profitable if JOBS maintains its current direction and does not revert back to pricing on the bearish side of $79.35 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 51JOB closes at or above $78.60 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 56.17% 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.