Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for WILLIS TOWERS WATSON PUBLIC LTD (WLTW) for the 16-Jul-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. WLTW was recently trading at $261.57 and has an implied volatility of 22.08% for this period. Based on an analysis of the options available for WLTW expiring on 16-Jul-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $261.63-$289.62 at expiration. In this scenario, the average linear return for the trade would be 32.91%. 52 week high: WILLIS TOWERS WATSON PUBLIC LTD recently reached a new 52-week high at $262.50. WLTW had traded in the range $173.06-$246.54 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 WLTW maintains its current direction and does not revert back to pricing on the bearish side of $261.57 on 16-Jul-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 WILLIS TOWERS WATSON PUBLIC LTD closes at or above $261.40 on 16-Jul-2021. Based on our risk-neutral analysis, there is a 50.35% 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.