Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for ROCKWELL AUTOMATION (ROK) for the 17-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. ROK was recently trading at $212.82 and has an implied volatility of 35.51% for this period. Based on an analysis of the options available for ROK expiring on 17-Jul-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $212.87-$243.49 at expiration. In this scenario, the average linear return for the trade would be 49.17%. 52 week high: ROCKWELL AUTOMATION recently reached a new 52-week high at $214.28. ROK had traded in the range $115.38-$209.60 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 ROK maintains its current direction and does not revert back to pricing on the bearish side of $212.82 on 17-Jul-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 ROCKWELL AUTOMATION closes at or above $212.70 on 17-Jul-2020. Based on our risk-neutral analysis, there is a 50.24% 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.