Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for DISCOVERY COMMUNICATIONS (DISCK) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. DISCK was recently trading at $32.45 and has an implied volatility of 45.51% for this period. Based on an analysis of the options available for DISCK expiring on 19-Feb-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $32.45-$37.39 at expiration. In this scenario, the average linear return for the trade would be 61.25%. 52 week high: DISCOVERY COMMUNICATIONS recently reached a new 52-week high at $32.98. DISCK had traded in the range $15.43-$31.84 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 DISCK maintains its current direction and does not revert back to pricing on the bearish side of $32.45 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 DISCOVERY COMMUNICATIONS closes at or above $31.55 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 57.91% 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.