Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for SUNPOWER (SPWR) for the 23-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SPWR was recently trading at $17.85 and has an implied volatility of 102.55% for this period. Based on an analysis of the options available for SPWR expiring on 23-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $17.85-$19.70 at expiration. In this scenario, the average linear return for the trade would be 57.45%. 52 week high: SUNPOWER recently reached a new 52-week high at $18.27. SPWR had traded in the range $4.03-$18.25 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 SPWR maintains its current direction and does not revert back to pricing on the bearish side of $17.85 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 SUNPOWER closes at or above $17.63 on 23-Oct-2020. Based on our risk-neutral analysis, there is a 55.07% 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.