Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for AUTOLIV (ALV) for the 17-Dec-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. ALV was recently trading at $109.58 and has an implied volatility of 32.01% for this period. Based on an analysis of the options available for ALV expiring on 17-Dec-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $108.95-$119.66 at expiration. In this scenario, the average linear return for the trade would be 36.03%. Big 7.44% Change: After closing the last trading session at $101.99, AUTOLIV opened today at $107.32 and has reached a high of $110.59. Trade approach: A movement as big as 7.44% is a significantly bullish indicator, so this trade is designed to be profitable if ALV maintains its current direction and does not revert back to pricing on the bearish side of $109.58 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 AUTOLIV closes at or above $107.30 on 17-Dec-2021. Based on our risk-neutral analysis, there is a 56.45% 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.