Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for KKR & CO INC (KKR) for the 29-Oct-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. KKR was recently trading at $70.07 and has an implied volatility of 25.09% for this period. Based on an analysis of the options available for KKR expiring on 29-Oct-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $70.07-$72.94 at expiration. In this scenario, the average linear return for the trade would be 33.79%. 52 week high: KKR & CO INC recently reached a new 52-week high at $70.43. KKR had traded in the range $33.65-$67.81 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 KKR maintains its current direction and does not revert back to pricing on the bearish side of $70.07 on 29-Oct-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 KKR & CO INC closes at or above $70.05 on 29-Oct-2021. Based on our risk-neutral analysis, there is a 50.31% 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.