Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for AUTONATION (AN) for the 15-Oct-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. AN was recently trading at $112.36 and has an implied volatility of 36.67% for this period. Based on an analysis of the options available for AN expiring on 15-Oct-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $112.39-$134.48 at expiration. In this scenario, the average linear return for the trade would be 65.90%. 52 week high: AUTONATION recently reached a new 52-week high at $112.60. AN had traded in the range $43.93-$107.67 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 AN maintains its current direction and does not revert back to pricing on the bearish side of $112.36 on 15-Oct-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 AUTONATION closes at or above $110.90 on 15-Oct-2021. Based on our risk-neutral analysis, there is a 52.96% 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.