Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for ESTEE LAUDER COS (EL) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. EL was recently trading at $220.77 and has an implied volatility of 28.00% for this period. Based on an analysis of the options available for EL expiring on 16-Oct-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $220.82-$244.74 at expiration. In this scenario, the average linear return for the trade would be 49.25%. 52 week high: ESTEE LAUDER COS recently reached a new 52-week high at $221.25. EL had traded in the range $137.01-$220.42 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 EL maintains its current direction and does not revert back to pricing on the bearish side of $220.77 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 ESTEE LAUDER COS closes at or above $216.70 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 57.26% 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.