Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for BAIDU (BIDU) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. BIDU was recently trading at $166.22 and has an implied volatility of 38.81% for this period. Based on an analysis of the options available for BIDU expiring on 19-Feb-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $166.26-$196.42 at expiration. In this scenario, the average linear return for the trade would be 88.06%. 52 week high: BAIDU recently reached a new 52-week high at $167.29. BIDU had traded in the range $82.00-$158.80 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 BIDU maintains its current direction and does not revert back to pricing on the bearish side of $166.22 on 19-Feb-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 BAIDU closes at or above $165.15 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 51.61% 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.