Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for LOCKHEED MARTIN (LMT) for the 24-Jan-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. LMT was recently trading at $424.91 and has an implied volatility of 13.93% for this period. Based on an analysis of the options available for LMT expiring on 24-Jan-2020, there is a 34.15% likelihood that the underlying will close within the analyzed range of $424.95-$429.62 at expiration. In this scenario, the average linear return for the trade would be 47.03%. 52 week high: LOCKHEED MARTIN recently reached a new 52-week high at $428.50. LMT had traded in the range $278.00-$427.54 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 LMT maintains its current direction and does not revert back to pricing on the bearish side of $424.91 on 24-Jan-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 LOCKHEED MARTIN closes at or above $424.20 on 24-Jan-2020. Based on our risk-neutral analysis, there is a 56.46% 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.