Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for HDFC BANK (HDB) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. HDB was recently trading at $66.89 and has an implied volatility of 29.67% for this period. Based on an analysis of the options available for HDB expiring on 15-Jan-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $66.91-$75.99 at expiration. In this scenario, the average linear return for the trade would be 55.62%. 52 week high: HDFC BANK recently reached a new 52-week high at $68.02. HDB had traded in the range $29.50-$65.38 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 HDB maintains its current direction and does not revert back to pricing on the bearish side of $66.89 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 HDFC BANK closes at or above $66.90 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 50.03% 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.