Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for EXXON MOBIL (XOM) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. XOM was recently trading at $36.47 and has an implied volatility of 35.32% for this period. Based on an analysis of the options available for XOM expiring on 15-Jan-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $35.60-$41.43 at expiration. In this scenario, the average linear return for the trade would be 60.18%. Big 11.24% Change: After closing the last trading session at $32.78, EXXON MOBIL opened today at $36.42 and has reached a high of $38.01. Trade approach: A movement as big as 11.24% is a significantly bullish indicator, so this trade is designed to be profitable if XOM maintains its current direction and does not revert back to pricing on the bearish side of $36.47 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 EXXON MOBIL closes at or above $35.38 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 51.65% 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.