Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for VERIZON COMMUNICATIONS (VZ) for the 24-Jan-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. VZ was recently trading at $61.18 and has an implied volatility of 12.82% for this period. Based on an analysis of the options available for VZ expiring on 24-Jan-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $60.69-$63.55 at expiration. In this scenario, the average linear return for the trade would be 46.05%. 52 week high: VERIZON COMMUNICATIONS recently reached a new 52-week high at $61.42. VZ had traded in the range $52.28-$61.34 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 VZ maintains its current direction and does not revert back to pricing on the bearish side of $61.18 on 24-Jan-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 VERIZON COMMUNICATIONS closes at or above $60.67 on 24-Jan-2020. Based on our risk-neutral analysis, there is a 50.26% 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.