Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for ROYAL CARIBBEAN GROUP (RCL) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. RCL was recently trading at $81.41 and has an implied volatility of 67.10% for this period. Based on an analysis of the options available for RCL expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $81.43-$104.99 at expiration. In this scenario, the average linear return for the trade would be 70.36%. Big 7.43% Change: After closing the last trading session at $75.78, ROYAL CARIBBEAN GROUP opened today at $79.13 and has reached a high of $82.59. Trade approach: A movement as big as 7.43% is a significantly bullish indicator, so this trade is designed to be profitable if RCL maintains its current direction and does not revert back to pricing on the bearish side of $81.41 on 15-Jan-2021. 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 ROYAL CARIBBEAN GROUP closes at or above $80.65 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 51.51% 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.