Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for ALBEMARLE (ALB) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. ALB was recently trading at $153.31 and has an implied volatility of 49.52% for this period. Based on an analysis of the options available for ALB expiring on 16-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $153.34-$186.25 at expiration. In this scenario, the average linear return for the trade would be 80.83%. Big 8.38% Change: After closing the last trading session at $141.46, ALBEMARLE opened today at $144.76 and has reached a high of $153.77. Trade approach: A movement as big as 8.38% is a significantly bullish indicator, so this trade is designed to be profitable if ALB maintains its current direction and does not revert back to pricing on the bearish side of $153.31 on 16-Apr-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 ALBEMARLE closes at or above $152.80 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 50.72% 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.