Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for EMERSON ELECTRIC (EMR) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. EMR was recently trading at $87.78 and has an implied volatility of 29.61% for this period. Based on an analysis of the options available for EMR expiring on 16-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $87.79-$98.11 at expiration. In this scenario, the average linear return for the trade would be 47.87%. 52 week high: EMERSON ELECTRIC recently reached a new 52-week high at $87.94. EMR had traded in the range $37.75-$87.07 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 EMR maintains its current direction and does not revert back to pricing on the bearish side of $87.78 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 EMERSON ELECTRIC closes at or above $87.37 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 51.74% 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.