Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for SHOPIFY INC (SHOP) for the 24-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SHOP was recently trading at $1,071.98 and has an implied volatility of 70.12% for this period. Based on an analysis of the options available for SHOP expiring on 24-Jul-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $1,072.04-$1,212.78 at expiration. In this scenario, the average linear return for the trade would be 84.45%. 52 week high: SHOPIFY INC recently reached a new 52-week high at $1,074.98. SHOP had traded in the range $282.08-$1,059.44 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 SHOP maintains its current direction and does not revert back to pricing on the bearish side of $1,071.98 on 24-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 SHOPIFY INC closes at or above $1,068.30 on 24-Jul-2020. Based on our risk-neutral analysis, there is a 51.13% 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.