Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for ACCENTURE (ACN) for the 27-Aug-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. ACN was recently trading at $311.62 and has an implied volatility of 16.11% for this period. Based on an analysis of the options available for ACN expiring on 27-Aug-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $310.78-$329.16 at expiration. In this scenario, the average linear return for the trade would be 48.45%. 52 week high: ACCENTURE recently reached a new 52-week high at $312.14. ACN had traded in the range $210.42-$309.79 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 ACN maintains its current direction and does not revert back to pricing on the bearish side of $311.62 on 27-Aug-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 ACCENTURE closes at or above $309.70 on 27-Aug-2021. Based on our risk-neutral analysis, there is a 52.42% 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.