Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for SPS COMMERCE (SPSC) for the 17-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SPSC was recently trading at $63.01 and has an implied volatility of 35.69% for this period. Based on an analysis of the options available for SPSC expiring on 17-Jul-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $63.03-$72.59 at expiration. In this scenario, the average linear return for the trade would be 25.63%. 52 week high: SPS COMMERCE recently reached a new 52-week high at $63.05. SPSC had traded in the range $31.28-$62.26 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 SPSC maintains its current direction and does not revert back to pricing on the bearish side of $63.01 on 17-Jul-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 SPS COMMERCE closes at or above $62.75 on 17-Jul-2020. Based on our risk-neutral analysis, there is a 51.24% 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.