Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for CITIGROUP (C) for the 24-Dec-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. C was recently trading at $46.85 and has an implied volatility of 35.15% for this period. Based on an analysis of the options available for C expiring on 24-Dec-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $46.86-$53.03 at expiration. In this scenario, the average linear return for the trade would be 79.10%. Big 9.69% Change: After closing the last trading session at $42.71, CITIGROUP opened today at $46.87 and has reached a high of $47.60. Trade approach: A movement as big as 9.69% is a significantly bullish indicator, so this trade is designed to be profitable if C maintains its current direction and does not revert back to pricing on the bearish side of $46.85 on 24-Dec-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 CITIGROUP closes at or above $46.82 on 24-Dec-2020. Based on our risk-neutral analysis, there is a 50.26% 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.