Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for AGILENT TECHNOLOGIES (A) for the 20-Nov-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. A was recently trading at $103.82 and has an implied volatility of 30.39% for this period. Based on an analysis of the options available for A expiring on 20-Nov-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $103.84-$115.44 at expiration. In this scenario, the average linear return for the trade would be 58.78%. 52 week high: AGILENT TECHNOLOGIES recently reached a new 52-week high at $103.83. A had traded in the range $61.13-$103.66 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 A maintains its current direction and does not revert back to pricing on the bearish side of $103.82 on 20-Nov-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 AGILENT TECHNOLOGIES closes at or above $103.10 on 20-Nov-2020. Based on our risk-neutral analysis, there is a 52.68% 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.