Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for NETAPP (NTAP) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. NTAP was recently trading at $67.83 and has an implied volatility of 34.78% for this period. Based on an analysis of the options available for NTAP expiring on 19-Feb-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $67.84-$74.06 at expiration. In this scenario, the average linear return for the trade would be 40.93%. 52 week high: NETAPP recently reached a new 52-week high at $68.30. NTAP had traded in the range $34.66-$67.63 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 NTAP maintains its current direction and does not revert back to pricing on the bearish side of $67.83 on 19-Feb-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 NETAPP closes at or above $67.74 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 50.64% 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.