Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for PRUDENTIAL FINANCIAL (PRU) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. PRU was recently trading at $82.64 and has an implied volatility of 30.68% for this period. Based on an analysis of the options available for PRU expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $82.64-$86.77 at expiration. In this scenario, the average linear return for the trade would be 47.06%. Big 7.13% Change: After closing the last trading session at $77.14, PRUDENTIAL FINANCIAL opened today at $79.10 and has reached a high of $82.84. Trade approach: A movement as big as 7.13% is a significantly bullish indicator, so this trade is designed to be profitable if PRU maintains its current direction and does not revert back to pricing on the bearish side of $82.64 on 15-Jan-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 PRUDENTIAL FINANCIAL closes at or above $81.70 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 59.30% 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.