Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for GENERAL MILLS (GIS) for the 21-Aug-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. GIS was recently trading at $65.80 and has an implied volatility of 20.57% for this period. Based on an analysis of the options available for GIS expiring on 21-Aug-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $65.80-$68.82 at expiration. In this scenario, the average linear return for the trade would be 38.93%. 52 week high: GENERAL MILLS recently reached a new 52-week high at $65.81. GIS had traded in the range $46.59-$65.48 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 GIS maintains its current direction and does not revert back to pricing on the bearish side of $65.80 on 21-Aug-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 GENERAL MILLS closes at or above $65.70 on 21-Aug-2020. Based on our risk-neutral analysis, there is a 51.42% 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.