Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for LITHIA MOTORS (LAD) for the 19-Jun-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. LAD was recently trading at $114.79 and has an implied volatility of 51.39% for this period. Based on an analysis of the options available for LAD expiring on 19-Jun-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $114.56-$139.16 at expiration. In this scenario, the average linear return for the trade would be 35.27%. Big 7.39% Change: After closing the last trading session at $106.89, LITHIA MOTORS opened today at $109.96 and has reached a high of $114.81. Trade approach: A movement as big as 7.39% is a significantly bullish indicator, so this trade is designed to be profitable if LAD maintains its current direction and does not revert back to pricing on the bearish side of $114.79 on 19-Jun-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 LITHIA MOTORS closes at or above $114.20 on 19-Jun-2020. Based on our risk-neutral analysis, there is a 50.65% 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.