Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for FIRST MAJESTIC SILVER (AG) for the 22-May-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. AG was recently trading at $8.56 and has an implied volatility of 74.40% for this period. Based on an analysis of the options available for AG expiring on 22-May-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $8.56-$9.52 at expiration. In this scenario, the average linear return for the trade would be 31.19%. Big 8.35% Change: After closing the last trading session at $7.90, FIRST MAJESTIC SILVER opened today at $8.40 and has reached a high of $8.60. Trade approach: A movement as big as 8.35% is a significantly bullish indicator, so this trade is designed to be profitable if AG maintains its current direction and does not revert back to pricing on the bearish side of $8.56 on 22-May-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 FIRST MAJESTIC SILVER closes at or above $8.55 on 22-May-2020. Based on our risk-neutral analysis, there is a 50.45% 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.