Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for NIKE (NKE) for the 11-Dec-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. NKE was recently trading at $132.46 and has an implied volatility of 26.90% for this period. Based on an analysis of the options available for NKE expiring on 11-Dec-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $132.47-$143.51 at expiration. In this scenario, the average linear return for the trade would be 41.29%. 52 week high: NIKE recently reached a new 52-week high at $136.35. NKE had traded in the range $60.00-$131.38 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 NKE maintains its current direction and does not revert back to pricing on the bearish side of $132.46 on 11-Dec-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 NIKE closes at or above $132.15 on 11-Dec-2020. Based on our risk-neutral analysis, there is a 51.22% 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.