Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for CHEMED (CHE) for the 18-Sep-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. CHE was recently trading at $517.34 and has an implied volatility of 26.08% for this period. Based on an analysis of the options available for CHE expiring on 18-Sep-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $517.42-$561.18 at expiration. In this scenario, the average linear return for the trade would be 30.90%. 52 week high: CHEMED recently reached a new 52-week high at $519.98. CHE had traded in the range $330.01-$515.38 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 CHE maintains its current direction and does not revert back to pricing on the bearish side of $517.34 on 18-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 CHEMED closes at or above $516.50 on 18-Sep-2020. Based on our risk-neutral analysis, there is a 50.87% 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.