Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for COCA-COLA (KO) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. KO was recently trading at $52.92 and has an implied volatility of 20.28% for this period. Based on an analysis of the options available for KO expiring on 15-Jan-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $52.52-$57.30 at expiration. In this scenario, the average linear return for the trade would be 51.52%. Big 7.02% Change: After closing the last trading session at $49.45, COCA-COLA opened today at $52.50 and has reached a high of $53.26. Trade approach: A movement as big as 7.02% is a significantly bullish indicator, so this trade is designed to be profitable if KO maintains its current direction and does not revert back to pricing on the bearish side of $52.92 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 COCA-COLA closes at or above $51.65 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 57.62% 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.