Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for THERMO FISHER SCIENTIFIC (TMO) for the 17-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. TMO was recently trading at $349.89 and has an implied volatility of 29.17% for this period. Based on an analysis of the options available for TMO expiring on 17-Jul-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $350.00-$394.08 at expiration. In this scenario, the average linear return for the trade would be 48.72%. 52 week high: THERMO FISHER SCIENTIFIC recently reached a new 52-week high at $351.86. TMO had traded in the range $250.21-$346.89 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 TMO maintains its current direction and does not revert back to pricing on the bearish side of $349.89 on 17-Jul-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 THERMO FISHER SCIENTIFIC closes at or above $349.20 on 17-Jul-2020. Based on our risk-neutral analysis, there is a 50.77% 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.