Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for ASML HOLDING (ASML) for the 17-Jan-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. ASML was recently trading at $294.64 and has an implied volatility of 22.53% for this period. Based on an analysis of the options available for ASML expiring on 17-Jan-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $295.07-$313.14 at expiration. In this scenario, the average linear return for the trade would be 42.12%. 52 week high: ASML HOLDING recently reached a new 52-week high at $295.66. ASML had traded in the range $144.50-$293.95 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 ASML maintains its current direction and does not revert back to pricing on the bearish side of $294.64 on 17-Jan-2020. 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 ASML HOLDING closes at or above $293.50 on 17-Jan-2020. Based on our risk-neutral analysis, there is a 53.58% 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.