Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for TETRA TECH (TTEK) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. TTEK was recently trading at $99.16 and has an implied volatility of 28.80% for this period. Based on an analysis of the options available for TTEK expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $99.17-$104.97 at expiration. In this scenario, the average linear return for the trade would be 34.90%. 52 week high: TETRA TECH recently reached a new 52-week high at $99.76. TTEK had traded in the range $63.61-$99.34 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 TTEK maintains its current direction and does not revert back to pricing on the bearish side of $99.16 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 TETRA TECH closes at or above $98.65 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 53.65% 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.