Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for TECK RESOURCES LTD (TECK) for the 18-Feb-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. TECK was recently trading at $34.31 and has an implied volatility of 42.84% for this period. Based on an analysis of the options available for TECK expiring on 18-Feb-2022, there is a 34.14% likelihood that the underlying will close within the analyzed range of $34.32-$38.74 at expiration. In this scenario, the average linear return for the trade would be 72.44%. 52 week high: TECK RESOURCES LTD recently reached a new 52-week high at $35.00. TECK had traded in the range $17.30-$34.77 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 TECK maintains its current direction and does not revert back to pricing on the bearish side of $34.31 on 18-Feb-2022. 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 TECK RESOURCES LTD closes at or above $34.12 on 18-Feb-2022. Based on our risk-neutral analysis, there is a 51.89% 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.