Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for BARCLAYS (BCS) for the 17-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. BCS was recently trading at $5.83 and has an implied volatility of 57.75% for this period. Based on an analysis of the options available for BCS expiring on 17-Jul-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $5.83-$7.24 at expiration. In this scenario, the average linear return for the trade would be 40.85%. Big 7.17% Change: After closing the last trading session at $5.44, BARCLAYS opened today at $5.88 and has reached a high of $5.92. Trade approach: A movement as big as 7.17% is a significantly bullish indicator, so this trade is designed to be profitable if BCS maintains its current direction and does not revert back to pricing on the bearish side of $5.83 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 BARCLAYS closes at or above $5.70 on 17-Jul-2020. Based on our risk-neutral analysis, there is a 54.19% 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.