Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for TAIWAN SEMICONDUCTOR (TSM) for the 10-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. TSM was recently trading at $61.95 and has an implied volatility of 29.10% for this period. Based on an analysis of the options available for TSM expiring on 10-Jul-2020, there is a 34.15% likelihood that the underlying will close within the analyzed range of $61.96-$63.43 at expiration. In this scenario, the average linear return for the trade would be 51.36%. 52 week high: TAIWAN SEMICONDUCTOR recently reached a new 52-week high at $62.03. TSM had traded in the range $39.24-$60.64 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 TSM maintains its current direction and does not revert back to pricing on the bearish side of $61.95 on 10-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 TAIWAN SEMICONDUCTOR closes at or above $61.66 on 10-Jul-2020. Based on our risk-neutral analysis, there is a 58.05% 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.