Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for AEROJET ROCKETDYNE HOLDINGS INC (AJRD) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. AJRD was recently trading at $43.32 and has an implied volatility of 46.18% for this period. Based on an analysis of the options available for AJRD expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $43.32-$48.80 at expiration. In this scenario, the average linear return for the trade would be 56.03%. Big 7.79% Change: After closing the last trading session at $40.19, AEROJET ROCKETDYNE HOLDINGS INC opened today at $40.20 and has reached a high of $43.32. Trade approach: A movement as big as 7.79% is a significantly bullish indicator, so this trade is designed to be profitable if AJRD maintains its current direction and does not revert back to pricing on the bearish side of $43.32 on 16-Oct-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 AEROJET ROCKETDYNE HOLDINGS INC closes at or above $43.00 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 52.52% 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.