Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for TEMPUR SEALY INTERNATIONAL (TPX) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. TPX was recently trading at $100.99 and has an implied volatility of 43.42% for this period. Based on an analysis of the options available for TPX expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $101.01-$119.97 at expiration. In this scenario, the average linear return for the trade would be 68.83%. 52 week high: TEMPUR SEALY INTERNATIONAL recently reached a new 52-week high at $102.11. TPX had traded in the range $22.00-$101.85 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 TPX maintains its current direction and does not revert back to pricing on the bearish side of $100.99 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 TEMPUR SEALY INTERNATIONAL closes at or above $100.60 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 50.95% 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.