Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for LINCOLN NATIONAL (LNC) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. LNC was recently trading at $50.41 and has an implied volatility of 48.76% for this period. Based on an analysis of the options available for LNC expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $50.00-$60.12 at expiration. In this scenario, the average linear return for the trade would be 63.14%. Big 8.19% Change: After closing the last trading session at $46.59, LINCOLN NATIONAL opened today at $47.83 and has reached a high of $50.42. Trade approach: A movement as big as 8.19% is a significantly bullish indicator, so this trade is designed to be profitable if LNC maintains its current direction and does not revert back to pricing on the bearish side of $50.41 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 LINCOLN NATIONAL closes at or above $49.35 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 52.81% 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.