Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for TAL EDUCATION GROUP (TAL) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. TAL was recently trading at $78.97 and has an implied volatility of 47.18% for this period. Based on an analysis of the options available for TAL expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $78.99-$93.09 at expiration. In this scenario, the average linear return for the trade would be 64.91%. 52 week high: TAL EDUCATION GROUP recently reached a new 52-week high at $83.67. TAL had traded in the range $33.35-$82.49 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 TAL maintains its current direction and does not revert back to pricing on the bearish side of $78.97 on 16-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 TAL EDUCATION GROUP closes at or above $78.00 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 53.04% 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.