Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for TATA MOTORS (TTM) for the 24-Jan-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. TTM was recently trading at $12.27 and has an implied volatility of 43.81% for this period. Based on an analysis of the options available for TTM expiring on 24-Jan-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $12.29-$14.30 at expiration. In this scenario, the average linear return for the trade would be 53.59%. Big 8.06% Change: After closing the last trading session at $11.35, TATA MOTORS opened today at $12.00 and has reached a high of $12.27. Trade approach: A movement as big as 8.06% is a significantly bullish indicator, so this trade is designed to be profitable if TTM maintains its current direction and does not revert back to pricing on the bearish side of $12.27 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 TATA MOTORS closes at or above $12.20 on 24-Jan-2020. Based on our risk-neutral analysis, there is a 51.95% 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.