Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for GENERAL ELECTRIC (GE) for the 20-Mar-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. GE was recently trading at $12.64 and has an implied volatility of 30.06% for this period. Based on an analysis of the options available for GE expiring on 20-Mar-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $12.67-$14.21 at expiration. In this scenario, the average linear return for the trade would be 67.70%. 52 week high: GENERAL ELECTRIC recently reached a new 52-week high at $12.99. GE had traded in the range $7.65-$12.24 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 GE maintains its current direction and does not revert back to pricing on the bearish side of $12.64 on 20-Mar-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 GENERAL ELECTRIC closes at or above $12.57 on 20-Mar-2020. Based on our risk-neutral analysis, there is a 52.81% 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.