Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for LYONDELLBASELL INDUSTRIES (LYB) for the 18-Jun-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. LYB was recently trading at $112.82 and has an implied volatility of 31.39% for this period. Based on an analysis of the options available for LYB expiring on 18-Jun-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $112.83-$125.72 at expiration. In this scenario, the average linear return for the trade would be 76.53%. 52 week high: LYONDELLBASELL INDUSTRIES recently reached a new 52-week high at $113.12. LYB had traded in the range $50.06-$112.73 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 LYB maintains its current direction and does not revert back to pricing on the bearish side of $112.82 on 18-Jun-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 LYONDELLBASELL INDUSTRIES closes at or above $112.70 on 18-Jun-2021. Based on our risk-neutral analysis, there is a 50.44% 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.