Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for CAPITAL ONE FINANCIAL (COF) for the 17-Apr-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. COF was recently trading at $55.30 and has an implied volatility of 79.35% for this period. Based on an analysis of the options available for COF expiring on 17-Apr-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $55.32-$63.19 at expiration. In this scenario, the average linear return for the trade would be 37.63%. Big 11.90% Change: After closing the last trading session at $49.42, CAPITAL ONE FINANCIAL opened today at $54.69 and has reached a high of $58.37. Trade approach: A movement as big as 11.90% is a significantly bullish indicator, so this trade is designed to be profitable if COF maintains its current direction and does not revert back to pricing on the bearish side of $55.30 on 17-Apr-2020. 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 CAPITAL ONE FINANCIAL closes at or above $55.15 on 17-Apr-2020. Based on our risk-neutral analysis, there is a 50.90% 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.