Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for CSX (CSX) for the 17-Dec-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. CSX was recently trading at $35.85 and has an implied volatility of 21.15% for this period. Based on an analysis of the options available for CSX expiring on 17-Dec-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $35.76-$38.75 at expiration. In this scenario, the average linear return for the trade would be 37.75%. 52 week high: CSX recently reached a new 52-week high at $35.90. CSX had traded in the range $25.13-$35.89 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 CSX maintains its current direction and does not revert back to pricing on the bearish side of $35.85 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 CSX closes at or above $35.70 on 17-Dec-2021. Based on our risk-neutral analysis, there is a 50.90% 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.