Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for DEERE (DE) for the 17-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. DE was recently trading at $150.69 and has an implied volatility of 34.76% for this period. Based on an analysis of the options available for DE expiring on 17-Jul-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $150.73-$171.94 at expiration. In this scenario, the average linear return for the trade would be 57.02%. Big 7.10% Change: After closing the last trading session at $140.71, DEERE opened today at $144.46 and has reached a high of $151.00. Trade approach: A movement as big as 7.10% is a significantly bullish indicator, so this trade is designed to be profitable if DE maintains its current direction and does not revert back to pricing on the bearish side of $150.69 on 17-Jul-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 DEERE closes at or above $149.20 on 17-Jul-2020. Based on our risk-neutral analysis, there is a 53.09% 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.