Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for TATA MOTORS (TTM) for the 22-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. TTM was recently trading at $17.82 and has an implied volatility of 65.69% for this period. Based on an analysis of the options available for TTM expiring on 22-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $17.82-$19.55 at expiration. In this scenario, the average linear return for the trade would be 33.56%. 52 week high: TATA MOTORS recently reached a new 52-week high at $17.99. TTM had traded in the range $3.92-$16.71 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 TTM maintains its current direction and does not revert back to pricing on the bearish side of $17.82 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 TATA MOTORS closes at or above $17.75 on 22-Jan-2021. Based on our risk-neutral analysis, there is a 51.70% 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.