Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for AMERICAN EXPRESS (AXP) for the 17-Dec-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. AXP was recently trading at $185.34 and has an implied volatility of 24.34% for this period. Based on an analysis of the options available for AXP expiring on 17-Dec-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $185.36-$203.45 at expiration. In this scenario, the average linear return for the trade would be 57.53%. 52 week high: AMERICAN EXPRESS recently reached a new 52-week high at $187.21. AXP had traded in the range $89.11-$179.79 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 AXP maintains its current direction and does not revert back to pricing on the bearish side of $185.34 on 17-Dec-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 AMERICAN EXPRESS closes at or above $184.05 on 17-Dec-2021. Based on our risk-neutral analysis, there is a 53.04% 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.