Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for WASTE CONNECTIONS (WCN) for the 17-Apr-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. WCN was recently trading at $84.81 and has an implied volatility of 32.89% for this period. Based on an analysis of the options available for WCN expiring on 17-Apr-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $84.83-$89.64 at expiration. In this scenario, the average linear return for the trade would be 17.54%. Big 7.48% Change: After closing the last trading session at $78.91, WASTE CONNECTIONS opened today at $81.16 and has reached a high of $85.27. Trade approach: A movement as big as 7.48% is a significantly bullish indicator, so this trade is designed to be profitable if WCN maintains its current direction and does not revert back to pricing on the bearish side of $84.81 on 17-Apr-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 WASTE CONNECTIONS closes at or above $84.25 on 17-Apr-2020. Based on our risk-neutral analysis, there is a 54.98% 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.