Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for APPLIED MATERIALS (AMAT) for the 29-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. AMAT was recently trading at $89.89 and has an implied volatility of 36.86% for this period. Based on an analysis of the options available for AMAT expiring on 29-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $89.90-$102.52 at expiration. In this scenario, the average linear return for the trade would be 68.04%. 52 week high: APPLIED MATERIALS recently reached a new 52-week high at $90.52. AMAT had traded in the range $36.64-$90.26 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 AMAT maintains its current direction and does not revert back to pricing on the bearish side of $89.89 on 29-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 APPLIED MATERIALS closes at or above $89.80 on 29-Jan-2021. Based on our risk-neutral analysis, there is a 50.35% 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.