Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for METTLER-TOLEDO INTL (MTD) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. MTD was recently trading at $1,190.00 and has an implied volatility of 27.43% for this period. Based on an analysis of the options available for MTD expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $1,190.31-$1,342.62 at expiration. In this scenario, the average linear return for the trade would be 25.51%. Big 7.82% Change: After closing the last trading session at $1,103.74, METTLER-TOLEDO INTL opened today at $1,205.75 and has reached a high of $1,228.41. Trade approach: A movement as big as 7.82% is a significantly bullish indicator, so this trade is designed to be profitable if MTD maintains its current direction and does not revert back to pricing on the bearish side of $1,190.00 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 METTLER-TOLEDO INTL closes at or above $1,187.70 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 50.73% 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.