Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for KOHL’S (KSS) for the 30-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. KSS was recently trading at $21.23 and has an implied volatility of 62.58% for this period. Based on an analysis of the options available for KSS expiring on 30-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $21.23-$23.59 at expiration. In this scenario, the average linear return for the trade would be 62.63%. Big 9.61% Change: After closing the last trading session at $19.37, KOHL’S opened today at $19.68 and has reached a high of $21.43. Trade approach: A movement as big as 9.61% is a significantly bullish indicator, so this trade is designed to be profitable if KSS maintains its current direction and does not revert back to pricing on the bearish side of $21.23 on 30-Oct-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 KOHL’S closes at or above $20.91 on 30-Oct-2020. Based on our risk-neutral analysis, there is a 55.78% 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.