Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for UNITED RENTALS (URI) for the 22-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. URI was recently trading at $243.82 and has an implied volatility of 42.17% for this period. Based on an analysis of the options available for URI expiring on 22-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $243.87-$284.74 at expiration. In this scenario, the average linear return for the trade would be 59.80%. 52 week high: UNITED RENTALS recently reached a new 52-week high at $243.94. URI had traded in the range $58.85-$240.26 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 URI maintains its current direction and does not revert back to pricing on the bearish side of $243.82 on 22-Jan-2021. 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 UNITED RENTALS closes at or above $241.20 on 22-Jan-2021. Based on our risk-neutral analysis, there is a 52.83% 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.