Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for PAYPAL HOLDINGS CORP (PYPL) for the 29-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. PYPL was recently trading at $244.88 and has an implied volatility of 38.54% for this period. Based on an analysis of the options available for PYPL expiring on 29-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $244.90-$265.67 at expiration. In this scenario, the average linear return for the trade would be 82.17%. 52 week high: PAYPAL HOLDINGS CORP recently reached a new 52-week high at $244.96. PYPL had traded in the range $82.07-$244.25 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 PYPL maintains its current direction and does not revert back to pricing on the bearish side of $244.88 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 PAYPAL HOLDINGS CORP closes at or above $244.00 on 29-Jan-2021. Based on our risk-neutral analysis, there is a 51.79% 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.