Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for U.S. BANCORP (USB) for the 2-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. USB was recently trading at $35.91 and has an implied volatility of 43.43% for this period. Based on an analysis of the options available for USB expiring on 2-Jul-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $35.92-$41.26 at expiration. In this scenario, the average linear return for the trade would be 58.98%. Big 9.05% Change: After closing the last trading session at $32.93, U.S. BANCORP opened today at $34.49 and has reached a high of $35.91. Trade approach: A movement as big as 9.05% is a significantly bullish indicator, so this trade is designed to be profitable if USB maintains its current direction and does not revert back to pricing on the bearish side of $35.91 on 2-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 U.S. BANCORP closes at or above $35.83 on 2-Jul-2020. Based on our risk-neutral analysis, there is a 50.69% 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.