Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for AVERY DENNISON (AVY) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. AVY was recently trading at $144.39 and has an implied volatility of 32.61% for this period. Based on an analysis of the options available for AVY expiring on 15-Jan-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $143.81-$166.44 at expiration. In this scenario, the average linear return for the trade would be 39.18%. 52 week high: AVERY DENNISON recently reached a new 52-week high at $145.50. AVY had traded in the range $76.96-$145.45 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 AVY maintains its current direction and does not revert back to pricing on the bearish side of $144.39 on 15-Jan-2021. 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 AVERY DENNISON closes at or above $143.60 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 50.40% 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.