Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for HONDA MOTOR (HMC) for the 17-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. HMC was recently trading at $25.70 and has an implied volatility of 33.61% for this period. Based on an analysis of the options available for HMC expiring on 17-Jul-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $25.71-$29.20 at expiration. In this scenario, the average linear return for the trade would be 28.21%. Big 8.85% Change: After closing the last trading session at $23.61, HONDA MOTOR opened today at $25.42 and has reached a high of $25.71. Trade approach: A movement as big as 8.85% is a significantly bullish indicator, so this trade is designed to be profitable if HMC maintains its current direction and does not revert back to pricing on the bearish side of $25.70 on 17-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 HONDA MOTOR closes at or above $24.45 on 17-Jul-2020. Based on our risk-neutral analysis, there is a 65.31% 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.