Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for L BRANDS INC (LB) for the 13-Nov-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. LB was recently trading at $33.61 and has an implied volatility of 57.16% for this period. Based on an analysis of the options available for LB expiring on 13-Nov-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $33.61-$39.42 at expiration. In this scenario, the average linear return for the trade would be 66.35%. 52 week high: L BRANDS INC recently reached a new 52-week high at $33.99. LB had traded in the range $8.00-$33.66 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 LB maintains its current direction and does not revert back to pricing on the bearish side of $33.61 on 13-Nov-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 L BRANDS INC closes at or above $33.59 on 13-Nov-2020. Based on our risk-neutral analysis, there is a 50.18% 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.