Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for BANK OF NEW YORK MELLON (BK) for the 9-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. BK was recently trading at $48.48 and has an implied volatility of 12.33% for this period. Based on an analysis of the options available for BK expiring on 9-Apr-2021, there is a 34.19% likelihood that the underlying will close within the analyzed range of $48.49-$48.65 at expiration. In this scenario, the average linear return for the trade would be 10.81%. 52 week high: BANK OF NEW YORK MELLON recently reached a new 52-week high at $48.70. BK had traded in the range $31.24-$48.50 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 BK maintains its current direction and does not revert back to pricing on the bearish side of $48.48 on 9-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 BANK OF NEW YORK MELLON closes at or above $48.45 on 9-Apr-2021. Based on our risk-neutral analysis, there is a 58.42% 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.