Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for HONEYWELL INTERNATIONAL (HON) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. HON was recently trading at $198.05 and has an implied volatility of 24.84% for this period. Based on an analysis of the options available for HON expiring on 15-Jan-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $197.17-$219.35 at expiration. In this scenario, the average linear return for the trade would be 57.47%. Big 7.48% Change: After closing the last trading session at $184.27, HONEYWELL INTERNATIONAL opened today at $204.90 and has reached a high of $210.00. Trade approach: A movement as big as 7.48% is a significantly bullish indicator, so this trade is designed to be profitable if HON maintains its current direction and does not revert back to pricing on the bearish side of $198.05 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 HONEYWELL INTERNATIONAL closes at or above $196.20 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 51.84% 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.