Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for NEWS CORPORATION (NWSA) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. NWSA was recently trading at $21.75 and has an implied volatility of 37.27% for this period. Based on an analysis of the options available for NWSA expiring on 16-Apr-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $21.65-$25.50 at expiration. In this scenario, the average linear return for the trade would be 26.30%. Big 7.14% Change: After closing the last trading session at $20.30, NEWS CORPORATION opened today at $21.99 and has reached a high of $22.25. Trade approach: A movement as big as 7.14% is a significantly bullish indicator, so this trade is designed to be profitable if NWSA maintains its current direction and does not revert back to pricing on the bearish side of $21.75 on 16-Apr-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 NEWS CORPORATION closes at or above $21.15 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 55.73% 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.