Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for TEXAS CAPITAL BANCSHARES (TCBI) for the 17-Jan-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. TCBI was recently trading at $63.21 and has an implied volatility of 27.06% for this period. Based on an analysis of the options available for TCBI expiring on 17-Jan-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $63.33-$69.41 at expiration. In this scenario, the average linear return for the trade would be 28.68%. Big 9.19% Change: After closing the last trading session at $57.89, TEXAS CAPITAL BANCSHARES opened today at $60.50 and has reached a high of $63.83. Trade approach: A movement as big as 9.19% is a significantly bullish indicator, so this trade is designed to be profitable if TCBI maintains its current direction and does not revert back to pricing on the bearish side of $63.21 on 17-Jan-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 TEXAS CAPITAL BANCSHARES closes at or above $62.55 on 17-Jan-2020. Based on our risk-neutral analysis, there is a 55.36% 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.