Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for BAUSCH HEALTH COMPANIES INC (BHC) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. BHC was recently trading at $25.51 and has an implied volatility of 51.14% for this period. Based on an analysis of the options available for BHC expiring on 19-Feb-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $25.51-$30.04 at expiration. In this scenario, the average linear return for the trade would be 67.87%. Big 8.69% Change: After closing the last trading session at $23.47, BAUSCH HEALTH COMPANIES INC opened today at $24.50 and has reached a high of $26.00. Trade approach: A movement as big as 8.69% is a significantly bullish indicator, so this trade is designed to be profitable if BHC maintains its current direction and does not revert back to pricing on the bearish side of $25.51 on 19-Feb-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 BAUSCH HEALTH COMPANIES INC closes at or above $25.17 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 53.30% 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.