Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for SHERWIN-WILLIAMS (SHW) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SHW was recently trading at $256.26 and has an implied volatility of 22.16% for this period. Based on an analysis of the options available for SHW expiring on 16-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $256.27-$266.03 at expiration. In this scenario, the average linear return for the trade would be 39.58%. 52 week high: SHERWIN-WILLIAMS recently reached a new 52-week high at $256.74. SHW had traded in the range $146.04-$256.00 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 SHW maintains its current direction and does not revert back to pricing on the bearish side of $256.26 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 SHERWIN-WILLIAMS closes at or above $254.77 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 56.24% 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.