Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for UNION PACIFIC (UNP) for the 25-Sep-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. UNP was recently trading at $192.40 and has an implied volatility of 28.50% for this period. Based on an analysis of the options available for UNP expiring on 25-Sep-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $191.47-$211.72 at expiration. In this scenario, the average linear return for the trade would be 48.23%. 52 week high: UNION PACIFIC recently reached a new 52-week high at $192.60. UNP had traded in the range $105.08-$188.96 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 UNP maintains its current direction and does not revert back to pricing on the bearish side of $192.40 on 25-Sep-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 UNION PACIFIC closes at or above $191.13 on 25-Sep-2020. Based on our risk-neutral analysis, there is a 50.70% 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.