Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for NUCOR (NUE) for the 28-Jan-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. NUE was recently trading at $125.91 and has an implied volatility of 43.09% for this period. Based on an analysis of the options available for NUE expiring on 28-Jan-2022, there is a 34.13% likelihood that the underlying will close within the analyzed range of $125.92-$140.39 at expiration. In this scenario, the average linear return for the trade would be 65.69%. Big 7.55% Change: After closing the last trading session at $117.07, NUCOR opened today at $118.38 and has reached a high of $126.67. Trade approach: A movement as big as 7.55% is a significantly bullish indicator, so this trade is designed to be profitable if NUE maintains its current direction and does not revert back to pricing on the bearish side of $125.91 on 28-Jan-2022. 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 NUCOR closes at or above $125.60 on 28-Jan-2022. Based on our risk-neutral analysis, there is a 50.93% 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.