Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for BOSTON BEER COMPANY (SAM) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SAM was recently trading at $903.50 and has an implied volatility of 42.44% for this period. Based on an analysis of the options available for SAM expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $903.59-$1,007.96 at expiration. In this scenario, the average linear return for the trade would be 67.39%. 52 week high: BOSTON BEER COMPANY recently reached a new 52-week high at $904.18. SAM had traded in the range $290.02-$897.50 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 SAM maintains its current direction and does not revert back to pricing on the bearish side of $903.50 on 16-Oct-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 BOSTON BEER COMPANY closes at or above $903.10 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 50.20% 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.