Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for MCDONALD’S (MCD) for the 23-Jul-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. MCD was recently trading at $237.13 and has an implied volatility of 12.42% for this period. Based on an analysis of the options available for MCD expiring on 23-Jul-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $237.14-$241.91 at expiration. In this scenario, the average linear return for the trade would be 56.07%. 52 week high: MCDONALD’S recently reached a new 52-week high at $239.05. MCD had traded in the range $184.71-$238.18 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 MCD maintains its current direction and does not revert back to pricing on the bearish side of $237.13 on 23-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 MCDONALD’S closes at or above $236.59 on 23-Jul-2021. Based on our risk-neutral analysis, there is a 54.60% 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.