Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for TJX COMPANIES (TJX) for the 22-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. TJX was recently trading at $65.59 and has an implied volatility of 35.08% for this period. Based on an analysis of the options available for TJX expiring on 22-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $65.61-$74.74 at expiration. In this scenario, the average linear return for the trade would be 50.22%. 52 week high: TJX COMPANIES recently reached a new 52-week high at $65.70. TJX had traded in the range $32.72-$65.16 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 TJX maintains its current direction and does not revert back to pricing on the bearish side of $65.59 on 22-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 TJX COMPANIES closes at or above $64.40 on 22-Jan-2021. Based on our risk-neutral analysis, there is a 55.67% 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.