Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for PPG INDUSTRIES (PPG) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. PPG was recently trading at $141.18 and has an implied volatility of 29.03% for this period. Based on an analysis of the options available for PPG expiring on 15-Jan-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $141.21-$159.81 at expiration. In this scenario, the average linear return for the trade would be 49.56%. 52 week high: PPG INDUSTRIES recently reached a new 52-week high at $143.97. PPG had traded in the range $69.77-$139.63 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 PPG maintains its current direction and does not revert back to pricing on the bearish side of $141.18 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 PPG INDUSTRIES closes at or above $139.70 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 53.47% 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.