Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for AMETEK (AME) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. AME was recently trading at $119.31 and has an implied volatility of 25.78% for this period. Based on an analysis of the options available for AME expiring on 15-Jan-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $119.16-$131.24 at expiration. In this scenario, the average linear return for the trade would be 35.04%. 52 week high: AMETEK recently reached a new 52-week high at $120.67. AME had traded in the range $54.82-$120.35 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 AME maintains its current direction and does not revert back to pricing on the bearish side of $119.31 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 AMETEK closes at or above $118.55 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 52.10% 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.