Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for ACCENTURE (ACN) for the 18-Jun-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. ACN was recently trading at $292.46 and has an implied volatility of 18.91% for this period. Based on an analysis of the options available for ACN expiring on 18-Jun-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $292.50-$312.90 at expiration. In this scenario, the average linear return for the trade would be 46.30%. 52 week high: ACCENTURE recently reached a new 52-week high at $293.42. ACN had traded in the range $174.94-$293.28 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 ACN maintains its current direction and does not revert back to pricing on the bearish side of $292.46 on 18-Jun-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 ACCENTURE closes at or above $291.70 on 18-Jun-2021. Based on our risk-neutral analysis, there is a 51.62% 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.