Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for PROCTER & GAMBLE (PG) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. PG was recently trading at $144.18 and has an implied volatility of 19.59% for this period. Based on an analysis of the options available for PG expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $144.22-$156.88 at expiration. In this scenario, the average linear return for the trade would be 41.88%. 52 week high: PROCTER & GAMBLE recently reached a new 52-week high at $146.92. PG had traded in the range $94.34-$145.87 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 PG maintains its current direction and does not revert back to pricing on the bearish side of $144.18 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 PROCTER & GAMBLE closes at or above $143.50 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 52.37% 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.