Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for SUNCOR ENERGY (SU) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SU was recently trading at $16.55 and has an implied volatility of 48.06% for this period. Based on an analysis of the options available for SU expiring on 15-Jan-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $16.39-$19.70 at expiration. In this scenario, the average linear return for the trade would be 67.48%. Big 7.40% Change: After closing the last trading session at $15.41, SUNCOR ENERGY opened today at $15.84 and has reached a high of $16.58. Trade approach: A movement as big as 7.40% is a significantly bullish indicator, so this trade is designed to be profitable if SU maintains its current direction and does not revert back to pricing on the bearish side of $16.55 on 15-Jan-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 SUNCOR ENERGY closes at or above $16.15 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 53.25% 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.