Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for BJ’S WHOLESALE CLUB HOLDINGS INC (BJ) for the 15-Oct-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. BJ was recently trading at $59.61 and has an implied volatility of 27.70% for this period. Based on an analysis of the options available for BJ expiring on 15-Oct-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $59.61-$64.40 at expiration. In this scenario, the average linear return for the trade would be 38.30%. 52 week high: BJ’S WHOLESALE CLUB HOLDINGS INC recently reached a new 52-week high at $59.75. BJ had traded in the range $36.07-$59.61 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 BJ maintains its current direction and does not revert back to pricing on the bearish side of $59.61 on 15-Oct-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 BJ’S WHOLESALE CLUB HOLDINGS INC closes at or above $58.60 on 15-Oct-2021. Based on our risk-neutral analysis, there is a 58.79% 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.