Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for ALTRA INDUSTRIAL MOTION CORP. (AIMC) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. AIMC was recently trading at $40.60 and has an implied volatility of 51.85% for this period. Based on an analysis of the options available for AIMC expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $40.57-$50.69 at expiration. In this scenario, the average linear return for the trade would be 60.38%. Big 8.59% Change: After closing the last trading session at $37.39, ALTRA INDUSTRIAL MOTION CORP. opened today at $37.79 and has reached a high of $40.69. Trade approach: A movement as big as 8.59% is a significantly bullish indicator, so this trade is designed to be profitable if AIMC maintains its current direction and does not revert back to pricing on the bearish side of $40.60 on 16-Oct-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 ALTRA INDUSTRIAL MOTION CORP. closes at or above $40.50 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 50.32% 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.