Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for MARSH & MCLENNAN (MMC) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. MMC was recently trading at $120.73 and has an implied volatility of 18.41% for this period. Based on an analysis of the options available for MMC expiring on 16-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $120.27-$125.33 at expiration. In this scenario, the average linear return for the trade would be 31.58%. 52 week high: MARSH & MCLENNAN recently reached a new 52-week high at $121.29. MMC had traded in the range $78.95-$120.97 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 MMC maintains its current direction and does not revert back to pricing on the bearish side of $120.73 on 16-Apr-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 MARSH & MCLENNAN closes at or above $118.80 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 61.70% 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.