Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for TRANSDIGM GROUP (TDG) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. TDG was recently trading at $622.26 and has an implied volatility of 36.40% for this period. Based on an analysis of the options available for TDG expiring on 16-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $622.36-$713.30 at expiration. In this scenario, the average linear return for the trade would be 56.36%. 52 week high: TRANSDIGM GROUP recently reached a new 52-week high at $622.86. TDG had traded in the range $200.06-$622.57 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 TDG maintains its current direction and does not revert back to pricing on the bearish side of $622.26 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 TRANSDIGM GROUP closes at or above $618.90 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 51.63% 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.