Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for STARBUCKS (SBUX) for the 22-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SBUX was recently trading at $103.70 and has an implied volatility of 24.16% for this period. Based on an analysis of the options available for SBUX expiring on 22-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $103.71-$109.48 at expiration. In this scenario, the average linear return for the trade would be 59.18%. 52 week high: STARBUCKS recently reached a new 52-week high at $107.75. SBUX had traded in the range $50.02-$107.14 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 SBUX maintains its current direction and does not revert back to pricing on the bearish side of $103.70 on 22-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 STARBUCKS closes at or above $103.40 on 22-Jan-2021. Based on our risk-neutral analysis, there is a 52.19% 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.