Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for MSA SAFETY INC (MSA) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. MSA was recently trading at $162.44 and has an implied volatility of 29.92% for this period. Based on an analysis of the options available for MSA expiring on 19-Feb-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $162.03-$176.11 at expiration. In this scenario, the average linear return for the trade would be 16.02%. 52 week high: MSA SAFETY INC recently reached a new 52-week high at $163.28. MSA had traded in the range $83.57-$161.72 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 MSA maintains its current direction and does not revert back to pricing on the bearish side of $162.44 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 MSA SAFETY INC closes at or above $161.90 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 50.37% 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.