Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for CHARLES SCHWAB (SCHW) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SCHW was recently trading at $51.68 and has an implied volatility of 34.11% for this period. Based on an analysis of the options available for SCHW expiring on 15-Jan-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $51.69-$56.93 at expiration. In this scenario, the average linear return for the trade would be 66.78%. 52 week high: CHARLES SCHWAB recently reached a new 52-week high at $51.87. SCHW had traded in the range $28.00-$51.81 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 SCHW maintains its current direction and does not revert back to pricing on the bearish side of $51.68 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 CHARLES SCHWAB closes at or above $51.45 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 51.89% 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.