Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for CAPITAL ONE FINANCIAL (COF) for the 23-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. COF was recently trading at $135.53 and has an implied volatility of 29.90% for this period. Based on an analysis of the options available for COF expiring on 23-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $135.53-$142.19 at expiration. In this scenario, the average linear return for the trade would be 56.26%. 52 week high: CAPITAL ONE FINANCIAL recently reached a new 52-week high at $135.58. COF had traded in the range $49.41-$134.70 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 COF maintains its current direction and does not revert back to pricing on the bearish side of $135.53 on 23-Apr-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 CAPITAL ONE FINANCIAL closes at or above $135.13 on 23-Apr-2021. Based on our risk-neutral analysis, there is a 52.48% 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.