Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for TRACTOR SUPPLY (TSCO) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. TSCO was recently trading at $152.68 and has an implied volatility of 24.74% for this period. Based on an analysis of the options available for TSCO expiring on 16-Oct-2020, there is a 34.15% likelihood that the underlying will close within the analyzed range of $152.68-$155.73 at expiration. In this scenario, the average linear return for the trade would be 13.64%. 52 week high: TRACTOR SUPPLY recently reached a new 52-week high at $157.07. TSCO had traded in the range $63.89-$155.56 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 TSCO maintains its current direction and does not revert back to pricing on the bearish side of $152.68 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 TRACTOR SUPPLY closes at or above $152.20 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 56.35% 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.