Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for SYNNEX (SNX) for the 18-Jun-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SNX was recently trading at $111.26 and has an implied volatility of 34.40% for this period. Based on an analysis of the options available for SNX expiring on 18-Jun-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $111.09-$131.46 at expiration. In this scenario, the average linear return for the trade would be 41.11%. 52 week high: SYNNEX recently reached a new 52-week high at $111.94. SNX had traded in the range $80.36-$108.09 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 SNX maintains its current direction and does not revert back to pricing on the bearish side of $111.26 on 18-Jun-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 SYNNEX closes at or above $110.80 on 18-Jun-2021. Based on our risk-neutral analysis, there is a 50.62% 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.