Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for AIR LEASE (AL) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. AL was recently trading at $38.30 and has an implied volatility of 54.33% for this period. Based on an analysis of the options available for AL expiring on 19-Feb-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $38.17-$50.37 at expiration. In this scenario, the average linear return for the trade would be 55.05%. Big 8.51% Change: After closing the last trading session at $35.30, AIR LEASE opened today at $37.25 and has reached a high of $38.59. Trade approach: A movement as big as 8.51% is a significantly bullish indicator, so this trade is designed to be profitable if AL maintains its current direction and does not revert back to pricing on the bearish side of $38.30 on 19-Feb-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 AIR LEASE closes at or above $38.10 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 50.25% 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.