Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for SHERWIN-WILLIAMS (SHW) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SHW was recently trading at $735.58 and has an implied volatility of 23.90% for this period. Based on an analysis of the options available for SHW expiring on 15-Jan-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $734.43-$816.31 at expiration. In this scenario, the average linear return for the trade would be 53.39%. 52 week high: SHERWIN-WILLIAMS recently reached a new 52-week high at $737.53. SHW had traded in the range $325.43-$725.91 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 SHW maintains its current direction and does not revert back to pricing on the bearish side of $735.58 on 15-Jan-2021. 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 SHERWIN-WILLIAMS closes at or above $732.40 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 51.05% 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.