Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for VERISK ANALYTICS (VRSK) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. VRSK was recently trading at $195.02 and has an implied volatility of 24.48% for this period. Based on an analysis of the options available for VRSK expiring on 16-Oct-2020, there is a 34.15% likelihood that the underlying will close within the analyzed range of $195.02-$198.93 at expiration. In this scenario, the average linear return for the trade would be 16.28%. 52 week high: VERISK ANALYTICS recently reached a new 52-week high at $195.02. VRSK had traded in the range $116.61-$193.69 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 VRSK maintains its current direction and does not revert back to pricing on the bearish side of $195.02 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 VERISK ANALYTICS closes at or above $194.30 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 57.42% 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.