Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for GOLDMAN SACHS GROUP (GS) for the 2-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. GS was recently trading at $194.52 and has an implied volatility of 37.73% for this period. Based on an analysis of the options available for GS expiring on 2-Jul-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $193.30-$218.07 at expiration. In this scenario, the average linear return for the trade would be 51.53%. Big 8.11% Change: After closing the last trading session at $179.93, GOLDMAN SACHS GROUP opened today at $185.63 and has reached a high of $194.60. Trade approach: A movement as big as 8.11% is a significantly bullish indicator, so this trade is designed to be profitable if GS maintains its current direction and does not revert back to pricing on the bearish side of $194.52 on 2-Jul-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 GOLDMAN SACHS GROUP closes at or above $193.30 on 2-Jul-2020. Based on our risk-neutral analysis, there is a 50.01% 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.