Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for UFP INDUSTRIES INC (UFPI) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. UFPI was recently trading at $56.94 and has an implied volatility of 43.66% for this period. Based on an analysis of the options available for UFPI expiring on 16-Oct-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $56.84-$70.20 at expiration. In this scenario, the average linear return for the trade would be 20.41%. Big 8.54% Change: After closing the last trading session at $52.46, UFP INDUSTRIES INC opened today at $56.74 and has reached a high of $57.93. Trade approach: A movement as big as 8.54% is a significantly bullish indicator, so this trade is designed to be profitable if UFPI maintains its current direction and does not revert back to pricing on the bearish side of $56.94 on 16-Oct-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 UFP INDUSTRIES INC closes at or above $56.20 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 52.13% 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.