Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for LAM RESEARCH (LRCX) for the 22-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. LRCX was recently trading at $516.74 and has an implied volatility of 38.53% for this period. Based on an analysis of the options available for LRCX expiring on 22-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $516.76-$559.21 at expiration. In this scenario, the average linear return for the trade would be 60.64%. 52 week high: LAM RESEARCH recently reached a new 52-week high at $517.25. LRCX had traded in the range $181.38-$516.65 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 LRCX maintains its current direction and does not revert back to pricing on the bearish side of $516.74 on 22-Jan-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 LAM RESEARCH closes at or above $516.15 on 22-Jan-2021. Based on our risk-neutral analysis, there is a 50.60% 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.