Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for NEW ORIENTAL (EDU) for the 17-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. EDU was recently trading at $146.41 and has an implied volatility of 45.90% for this period. Based on an analysis of the options available for EDU expiring on 17-Jul-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $146.41-$156.23 at expiration. In this scenario, the average linear return for the trade would be 54.71%. 52 week high: NEW ORIENTAL recently reached a new 52-week high at $148.75. EDU had traded in the range $89.88-$145.25 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 EDU maintains its current direction and does not revert back to pricing on the bearish side of $146.41 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 NEW ORIENTAL closes at or above $145.95 on 17-Jul-2020. Based on our risk-neutral analysis, there is a 51.95% 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.