Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for UNITED AIRLINES HOLDINGS INC (UAL) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. UAL was recently trading at $41.90 and has an implied volatility of 63.04% for this period. Based on an analysis of the options available for UAL expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $41.91-$54.15 at expiration. In this scenario, the average linear return for the trade would be 90.36%. Big 7.46% Change: After closing the last trading session at $38.99, UNITED AIRLINES HOLDINGS INC opened today at $42.18 and has reached a high of $42.78. Trade approach: A movement as big as 7.46% is a significantly bullish indicator, so this trade is designed to be profitable if UAL maintains its current direction and does not revert back to pricing on the bearish side of $41.90 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 UNITED AIRLINES HOLDINGS INC closes at or above $41.05 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 53.22% 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.