Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Synthetic Long Stock trade opportunity for SUMITOMO MITSUI FINANCIAL (SMFG) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SMFG was recently trading at $7.84 and has an implied volatility of 25.42% for this period. Based on an analysis of the options available for SMFG expiring on 16-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $7.84-$8.38 at expiration. In this scenario, the average linear return for the trade would be 20.60%. 52 week high: SUMITOMO MITSUI FINANCIAL recently reached a new 52-week high at $7.88. SMFG had traded in the range $4.56-$7.84 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 SMFG maintains its current direction and does not revert back to pricing on the bearish side of $7.84 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 SUMITOMO MITSUI FINANCIAL closes at or above $7.75 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 56.88% 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.