Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for YUM CHINA HOLDINGS INC (YUMC) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. YUMC was recently trading at $62.10 and has an implied volatility of 29.55% for this period. Based on an analysis of the options available for YUMC expiring on 16-Apr-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $62.00-$70.32 at expiration. In this scenario, the average linear return for the trade would be 58.89%. 52 week high: YUM CHINA HOLDINGS INC recently reached a new 52-week high at $62.12. YUMC had traded in the range $38.33-$61.18 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 YUMC maintains its current direction and does not revert back to pricing on the bearish side of $62.10 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 YUM CHINA HOLDINGS INC closes at or above $61.80 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 51.02% 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.