Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for FORMFACTOR (FORM) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. FORM was recently trading at $37.68 and has an implied volatility of 38.11% for this period. Based on an analysis of the options available for FORM expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $37.69-$44.17 at expiration. In this scenario, the average linear return for the trade would be 33.57%. 52 week high: FORMFACTOR recently reached a new 52-week high at $37.78. FORM had traded in the range $16.35-$36.52 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 FORM maintains its current direction and does not revert back to pricing on the bearish side of $37.68 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 FORMFACTOR closes at or above $37.10 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 53.93% 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.