Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for TRIMBLE INC (TRMB) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. TRMB was recently trading at $62.63 and has an implied volatility of 32.88% for this period. Based on an analysis of the options available for TRMB expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $62.64-$70.06 at expiration. In this scenario, the average linear return for the trade would be 39.21%. 52 week high: TRIMBLE INC recently reached a new 52-week high at $63.14. TRMB had traded in the range $20.01-$61.46 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 TRMB maintains its current direction and does not revert back to pricing on the bearish side of $62.63 on 15-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 TRIMBLE INC closes at or above $61.85 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 54.52% 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.