Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for ANTHEM INC (ANTM) for the 29-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. ANTM was recently trading at $339.16 and has an implied volatility of 33.15% for this period. Based on an analysis of the options available for ANTM expiring on 29-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $339.19-$367.50 at expiration. In this scenario, the average linear return for the trade would be 46.01%. 52 week high: ANTHEM INC recently reached a new 52-week high at $340.67. ANTM had traded in the range $171.03-$338.20 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 ANTM maintains its current direction and does not revert back to pricing on the bearish side of $339.16 on 29-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 ANTHEM INC closes at or above $337.60 on 29-Jan-2021. Based on our risk-neutral analysis, there is a 52.33% 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.