Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for HARLEY-DAVIDSON (HOG) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. HOG was recently trading at $39.92 and has an implied volatility of 43.02% for this period. Based on an analysis of the options available for HOG expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $39.91-$47.03 at expiration. In this scenario, the average linear return for the trade would be 61.35%. Big 7.40% Change: After closing the last trading session at $37.17, HARLEY-DAVIDSON opened today at $37.69 and has reached a high of $39.95. Trade approach: A movement as big as 7.40% is a significantly bullish indicator, so this trade is designed to be profitable if HOG maintains its current direction and does not revert back to pricing on the bearish side of $39.92 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 HARLEY-DAVIDSON closes at or above $39.60 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 51.88% 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.