Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for GENERAL DYNAMICS (GD) for the 22-Oct-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. GD was recently trading at $204.26 and has an implied volatility of 17.89% for this period. Based on an analysis of the options available for GD expiring on 22-Oct-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $203.09-$216.17 at expiration. In this scenario, the average linear return for the trade would be 44.46%. 52 week high: GENERAL DYNAMICS recently reached a new 52-week high at $204.62. GD had traded in the range $129.17-$202.90 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 GD maintains its current direction and does not revert back to pricing on the bearish side of $204.26 on 22-Oct-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 GENERAL DYNAMICS closes at or above $201.80 on 22-Oct-2021. Based on our risk-neutral analysis, there is a 54.08% 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.