Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for CORNING (GLW) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. GLW was recently trading at $37.21 and has an implied volatility of 29.30% for this period. Based on an analysis of the options available for GLW expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $37.22-$41.54 at expiration. In this scenario, the average linear return for the trade would be 68.98%. 52 week high: CORNING recently reached a new 52-week high at $37.52. GLW had traded in the range $17.44-$37.13 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 GLW maintains its current direction and does not revert back to pricing on the bearish side of $37.21 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 CORNING closes at or above $37.13 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 50.86% 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.