Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for DAVITA INC (DVA) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. DVA was recently trading at $112.48 and has an implied volatility of 30.59% for this period. Based on an analysis of the options available for DVA expiring on 15-Jan-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $112.50-$127.27 at expiration. In this scenario, the average linear return for the trade would be 51.96%. 52 week high: DAVITA INC recently reached a new 52-week high at $112.59. DVA had traded in the range $62.20-$110.98 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 DVA maintains its current direction and does not revert back to pricing on the bearish side of $112.48 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 DAVITA INC closes at or above $111.40 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 53.19% 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.