Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for JOHNSON & JOHNSON (JNJ) for the 22-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. JNJ was recently trading at $159.60 and has an implied volatility of 24.57% for this period. Based on an analysis of the options available for JNJ expiring on 22-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $159.61-$168.13 at expiration. In this scenario, the average linear return for the trade would be 65.79%. 52 week high: JOHNSON & JOHNSON recently reached a new 52-week high at $159.70. JNJ had traded in the range $109.16-$157.66 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 JNJ maintains its current direction and does not revert back to pricing on the bearish side of $159.60 on 22-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 JOHNSON & JOHNSON closes at or above $159.00 on 22-Jan-2021. Based on our risk-neutral analysis, there is a 52.94% 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.