Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for TRUIST FINANCIAL CORP (TFC) for the 19-Jun-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. TFC was recently trading at $35.99 and has an implied volatility of 45.35% for this period. Based on an analysis of the options available for TFC expiring on 19-Jun-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $35.99-$40.47 at expiration. In this scenario, the average linear return for the trade would be 43.70%. Big 8.11% Change: After closing the last trading session at $33.29, TRUIST FINANCIAL CORP opened today at $35.19 and has reached a high of $36.01. Trade approach: A movement as big as 8.11% is a significantly bullish indicator, so this trade is designed to be profitable if TFC maintains its current direction and does not revert back to pricing on the bearish side of $35.99 on 19-Jun-2020. 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 TRUIST FINANCIAL CORP closes at or above $35.76 on 19-Jun-2020. Based on our risk-neutral analysis, there is a 52.22% 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.