Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for THE KRAFT HEINZ COMPANY COMMON STOCK (KHC) for the 23-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. KHC was recently trading at $41.20 and has an implied volatility of 22.83% for this period. Based on an analysis of the options available for KHC expiring on 23-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $41.20-$42.24 at expiration. In this scenario, the average linear return for the trade would be 48.08%. 52 week high: THE KRAFT HEINZ COMPANY COMMON STOCK recently reached a new 52-week high at $41.36. KHC had traded in the range $28.12-$41.25 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 KHC maintains its current direction and does not revert back to pricing on the bearish side of $41.20 on 23-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 THE KRAFT HEINZ COMPANY COMMON STOCK closes at or above $41.14 on 23-Apr-2021. Based on our risk-neutral analysis, there is a 52.36% 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.