Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for APTIV PLC (APTV) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. APTV was recently trading at $152.40 and has an implied volatility of 44.14% for this period. Based on an analysis of the options available for APTV expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $152.40-$158.89 at expiration. In this scenario, the average linear return for the trade would be 41.07%. 52 week high: APTIV PLC recently reached a new 52-week high at $152.50. APTV had traded in the range $29.22-$151.19 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 APTV maintains its current direction and does not revert back to pricing on the bearish side of $152.40 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 APTIV PLC closes at or above $151.65 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 54.72% 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.