Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for ANALOG DEVICES (ADI) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. ADI was recently trading at $143.55 and has an implied volatility of 30.04% for this period. Based on an analysis of the options available for ADI expiring on 19-Feb-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $143.59-$164.44 at expiration. In this scenario, the average linear return for the trade would be 61.89%. 52 week high: ANALOG DEVICES recently reached a new 52-week high at $144.68. ADI had traded in the range $79.08-$141.91 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 ADI maintains its current direction and does not revert back to pricing on the bearish side of $143.55 on 19-Feb-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 ANALOG DEVICES closes at or above $143.50 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 50.19% 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.