Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for JD.COM INC (JD) for the 7-Aug-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. JD was recently trading at $64.00 and has an implied volatility of 49.85% for this period. Based on an analysis of the options available for JD expiring on 7-Aug-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $64.01-$72.98 at expiration. In this scenario, the average linear return for the trade would be 77.33%. 52 week high: JD.COM INC recently reached a new 52-week high at $66.35. JD had traded in the range $25.77-$65.90 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 JD maintains its current direction and does not revert back to pricing on the bearish side of $64.00 on 7-Aug-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 JD.COM INC closes at or above $63.65 on 7-Aug-2020. Based on our risk-neutral analysis, there is a 51.71% 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.