Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for HALLIBURTON (HAL) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. HAL was recently trading at $22.02 and has an implied volatility of 57.96% for this period. Based on an analysis of the options available for HAL expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $22.03-$23.28 at expiration. In this scenario, the average linear return for the trade would be 78.26%. Big 7.07% Change: After closing the last trading session at $20.57, HALLIBURTON opened today at $20.89 and has reached a high of $22.05. Trade approach: A movement as big as 7.07% is a significantly bullish indicator, so this trade is designed to be profitable if HAL maintains its current direction and does not revert back to pricing on the bearish side of $22.02 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 HALLIBURTON closes at or above $22.00 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 50.83% 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.