Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for CHARTER COMMUNICATIONS (CHTR) for the 3-Apr-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. CHTR was recently trading at $543.34 and has an implied volatility of 17.80% for this period. Based on an analysis of the options available for CHTR expiring on 3-Apr-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $544.41-$580.13 at expiration. In this scenario, the average linear return for the trade would be 40.03%. 52 week high: CHARTER COMMUNICATIONS recently reached a new 52-week high at $543.75. CHTR had traded in the range $335.53-$538.70 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 CHTR maintains its current direction and does not revert back to pricing on the bearish side of $543.34 on 3-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 CHARTER COMMUNICATIONS closes at or above $541.50 on 3-Apr-2020. Based on our risk-neutral analysis, there is a 53.36% 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.