Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for COCA-COLA (KO) for the 24-Jan-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. KO was recently trading at $57.45 and has an implied volatility of 12.30% for this period. Based on an analysis of the options available for KO expiring on 24-Jan-2020, there is a 34.15% likelihood that the underlying will close within the analyzed range of $57.46-$58.02 at expiration. In this scenario, the average linear return for the trade would be 50.77%. 52 week high: COCA-COLA recently reached a new 52-week high at $57.48. KO had traded in the range $44.42-$57.15 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 KO maintains its current direction and does not revert back to pricing on the bearish side of $57.45 on 24-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 COCA-COLA closes at or above $57.33 on 24-Jan-2020. Based on our risk-neutral analysis, there is a 58.94% 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.