Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for DOW INC (DOW) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. DOW was recently trading at $56.03 and has an implied volatility of 36.04% for this period. Based on an analysis of the options available for DOW expiring on 15-Jan-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $55.34-$63.92 at expiration. In this scenario, the average linear return for the trade would be 53.37%. 52 week high: DOW INC recently reached a new 52-week high at $56.19. DOW had traded in the range $21.95-$55.75 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 DOW maintains its current direction and does not revert back to pricing on the bearish side of $56.03 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 DOW INC closes at or above $54.13 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 56.11% 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.