Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for PNC FINANCIAL SERVICES (PNC) for the 1-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. PNC was recently trading at $168.01 and has an implied volatility of 32.67% for this period. Based on an analysis of the options available for PNC expiring on 1-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $168.03-$188.05 at expiration. In this scenario, the average linear return for the trade would be 56.93%. 52 week high: PNC FINANCIAL SERVICES recently reached a new 52-week high at $170.12. PNC had traded in the range $79.41-$162.74 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 PNC maintains its current direction and does not revert back to pricing on the bearish side of $168.01 on 1-Apr-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 PNC FINANCIAL SERVICES closes at or above $167.70 on 1-Apr-2021. Based on our risk-neutral analysis, there is a 50.70% 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.