Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for ARTHUR J. GALLAGHER (AJG) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. AJG was recently trading at $133.46 and has an implied volatility of 16.33% for this period. Based on an analysis of the options available for AJG expiring on 16-Apr-2021, there is a 34.15% likelihood that the underlying will close within the analyzed range of $133.46-$135.56 at expiration. In this scenario, the average linear return for the trade would be 12.13%. 52 week high: ARTHUR J. GALLAGHER recently reached a new 52-week high at $133.70. AJG had traded in the range $73.66-$133.66 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 AJG maintains its current direction and does not revert back to pricing on the bearish side of $133.46 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 ARTHUR J. GALLAGHER closes at or above $133.35 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 52.14% 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.