Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for MANULIFE FINANCIAL (MFC) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. MFC was recently trading at $22.09 and has an implied volatility of 21.81% for this period. Based on an analysis of the options available for MFC expiring on 16-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $22.09-$23.50 at expiration. In this scenario, the average linear return for the trade would be 25.00%. 52 week high: MANULIFE FINANCIAL recently reached a new 52-week high at $22.20. MFC had traded in the range $8.62-$21.86 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 MFC maintains its current direction and does not revert back to pricing on the bearish side of $22.09 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 MANULIFE FINANCIAL closes at or above $21.80 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 58.51% 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.