Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for AMDOCS LIMITED ORDINARY SHARES (DOX) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. DOX was recently trading at $65.24 and has an implied volatility of 23.25% for this period. Based on an analysis of the options available for DOX expiring on 15-Jan-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $64.93-$71.64 at expiration. In this scenario, the average linear return for the trade would be 42.19%. Big 7.48% Change: After closing the last trading session at $60.70, AMDOCS LIMITED ORDINARY SHARES opened today at $66.49 and has reached a high of $67.60. Trade approach: A movement as big as 7.48% is a significantly bullish indicator, so this trade is designed to be profitable if DOX maintains its current direction and does not revert back to pricing on the bearish side of $65.24 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 AMDOCS LIMITED ORDINARY SHARES closes at or above $64.85 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 50.49% 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.