Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for BLACKSTONE GROUP INC CLASS A (BX) for the 22-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. BX was recently trading at $65.73 and has an implied volatility of 21.91% for this period. Based on an analysis of the options available for BX expiring on 22-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $65.73-$66.60 at expiration. In this scenario, the average linear return for the trade would be 48.44%. 52 week high: BLACKSTONE GROUP INC CLASS A recently reached a new 52-week high at $65.76. BX had traded in the range $33.00-$65.75 over the past year. Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if BX maintains its current direction and does not revert back to pricing on the bearish side of $65.73 on 22-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 BLACKSTONE GROUP INC CLASS A closes at or above $65.64 on 22-Jan-2021. Based on our risk-neutral analysis, there is a 54.15% 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.