Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for AMDOCS LIMITED ORDINARY SHARES (DOX) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. DOX was recently trading at $77.90 and has an implied volatility of 22.92% for this period. Based on an analysis of the options available for DOX expiring on 16-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $77.55-$83.91 at expiration. In this scenario, the average linear return for the trade would be 44.30%. 52 week high: AMDOCS LIMITED ORDINARY SHARES recently reached a new 52-week high at $78.78. DOX had traded in the range $44.05-$78.50 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 DOX maintains its current direction and does not revert back to pricing on the bearish side of $77.90 on 16-Apr-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 AMDOCS LIMITED ORDINARY SHARES closes at or above $77.30 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 51.63% 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.