Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for KLA CORP (KLAC) for the 19-Jun-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. KLAC was recently trading at $167.74 and has an implied volatility of 48.18% for this period. Based on an analysis of the options available for KLAC expiring on 19-Jun-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $167.79-$198.47 at expiration. In this scenario, the average linear return for the trade would be 52.42%. Big 7.78% Change: After closing the last trading session at $155.63, KLA CORP opened today at $163.41 and has reached a high of $168.31. Trade approach: A movement as big as 7.78% is a significantly bullish indicator, so this trade is designed to be profitable if KLAC maintains its current direction and does not revert back to pricing on the bearish side of $167.74 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 KLA CORP closes at or above $167.40 on 19-Jun-2020. Based on our risk-neutral analysis, there is a 50.55% 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.