Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for WALGREEN BOOTS ALLIANCE INC. (WBA) for the 26-Mar-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. WBA was recently trading at $54.86 and has an implied volatility of 30.37% for this period. Based on an analysis of the options available for WBA expiring on 26-Mar-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $54.86-$57.74 at expiration. In this scenario, the average linear return for the trade would be 68.20%. 52 week high: WALGREEN BOOTS ALLIANCE INC. recently reached a new 52-week high at $56.12. WBA had traded in the range $33.36-$55.49 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 WBA maintains its current direction and does not revert back to pricing on the bearish side of $54.86 on 26-Mar-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 WALGREEN BOOTS ALLIANCE INC. closes at or above $54.84 on 26-Mar-2021. Based on our risk-neutral analysis, there is a 50.31% 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.