Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for NXP SEMICONDUCTOR (NXPI) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. NXPI was recently trading at $158.25 and has an implied volatility of 35.53% for this period. Based on an analysis of the options available for NXPI expiring on 15-Jan-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $157.90-$179.19 at expiration. In this scenario, the average linear return for the trade would be 73.56%. 52 week high: NXP SEMICONDUCTOR recently reached a new 52-week high at $160.92. NXPI had traded in the range $58.41-$159.28 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 NXPI maintains its current direction and does not revert back to pricing on the bearish side of $158.25 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 NXP SEMICONDUCTOR closes at or above $157.80 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 50.20% 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.