Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for CASEY’S GENERAL STORES (CASY) for the 21-May-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. CASY was recently trading at $223.58 and has an implied volatility of 21.69% for this period. Based on an analysis of the options available for CASY expiring on 21-May-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $223.26-$238.14 at expiration. In this scenario, the average linear return for the trade would be 19.11%. 52 week high: CASEY’S GENERAL STORES recently reached a new 52-week high at $224.20. CASY had traded in the range $139.41-$221.29 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 CASY maintains its current direction and does not revert back to pricing on the bearish side of $223.58 on 21-May-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 CASEY’S GENERAL STORES closes at or above $222.85 on 21-May-2021. Based on our risk-neutral analysis, there is a 51.14% 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.