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Quantchabot has detected a promising Bull Put Spread trade opportunity for ROBERT HALF INTERNATIONAL (RHI) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
RHI was recently trading at $75.82 and has an implied volatility of 34.82% for this period. Based on an analysis of the options available for RHI expiring on 16-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $75.45-$86.61 at expiration. In this scenario, the average linear return for the trade would be 31.58%.
52 week high: ROBERT HALF INTERNATIONAL recently reached a new 52-week high at $77.42. RHI had traded in the range $32.38-$74.83 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 RHI maintains its current direction and does not revert back to pricing on the bearish side of $75.82 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 ROBERT HALF INTERNATIONAL closes at or above $73.80 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 56.38% 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.