Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for JEFFERIES FINANCIAL GROUP INC (JEF) for the 17-Sep-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. JEF was recently trading at $35.13 and has an implied volatility of 32.13% for this period. Based on an analysis of the options available for JEF expiring on 17-Sep-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $34.89-$39.97 at expiration. In this scenario, the average linear return for the trade would be 38.83%. Big 10.07% Change: After closing the last trading session at $31.92, JEFFERIES FINANCIAL GROUP INC opened today at $33.29 and has reached a high of $35.37. Trade approach: A movement as big as 10.07% is a significantly bullish indicator, so this trade is designed to be profitable if JEF maintains its current direction and does not revert back to pricing on the bearish side of $35.13 on 17-Sep-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 JEFFERIES FINANCIAL GROUP INC closes at or above $33.60 on 17-Sep-2021. Based on our risk-neutral analysis, there is a 60.92% 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.