Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for NXP SEMICONDUCTOR (NXPI) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. NXPI was recently trading at $142.99 and has an implied volatility of 38.00% for this period. Based on an analysis of the options available for NXPI expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $143.03-$169.19 at expiration. In this scenario, the average linear return for the trade would be 67.70%. 52 week high: NXP SEMICONDUCTOR recently reached a new 52-week high at $145.24. NXPI had traded in the range $58.41-$145.15 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 NXPI maintains its current direction and does not revert back to pricing on the bearish side of $142.99 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 NXP SEMICONDUCTOR closes at or above $140.90 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 53.56% 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.