Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for NORDSON (NDSN) for the 20-Nov-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. NDSN was recently trading at $209.06 and has an implied volatility of 32.25% for this period. Based on an analysis of the options available for NDSN expiring on 20-Nov-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $209.08-$229.45 at expiration. In this scenario, the average linear return for the trade would be 28.83%. 52 week high: NORDSON recently reached a new 52-week high at $210.31. NDSN had traded in the range $96.45-$209.95 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 NDSN maintains its current direction and does not revert back to pricing on the bearish side of $209.06 on 20-Nov-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 NORDSON closes at or above $205.50 on 20-Nov-2020. Based on our risk-neutral analysis, there is a 57.38% 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.