Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for NOMAD FOODS LIMITED (NOMD) for the 20-Nov-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. NOMD was recently trading at $25.84 and has an implied volatility of 36.42% for this period. Based on an analysis of the options available for NOMD expiring on 20-Nov-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $25.84-$30.36 at expiration. In this scenario, the average linear return for the trade would be 21.95%. 52 week high: NOMAD FOODS LIMITED recently reached a new 52-week high at $25.87. NOMD had traded in the range $14.08-$25.24 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 NOMD maintains its current direction and does not revert back to pricing on the bearish side of $25.84 on 20-Nov-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 NOMAD FOODS LIMITED closes at or above $24.55 on 20-Nov-2020. Based on our risk-neutral analysis, there is a 62.50% 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.