Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for ACTIVISION BLIZZARD (ATVI) for the 31-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. ATVI was recently trading at $80.38 and has an implied volatility of 33.14% for this period. Based on an analysis of the options available for ATVI expiring on 31-Jul-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $80.39-$87.27 at expiration. In this scenario, the average linear return for the trade would be 69.61%. 52 week high: ACTIVISION BLIZZARD recently reached a new 52-week high at $80.50. ATVI had traded in the range $44.81-$79.44 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 ATVI maintains its current direction and does not revert back to pricing on the bearish side of $80.38 on 31-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 ACTIVISION BLIZZARD closes at or above $80.22 on 31-Jul-2020. Based on our risk-neutral analysis, there is a 51.02% 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.