Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for ALPHABET INC CLASS C (GOOG) for the 23-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. GOOG was recently trading at $2,285.92 and has an implied volatility of 22.46% for this period. Based on an analysis of the options available for GOOG expiring on 23-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $2,285.98-$2,365.01 at expiration. In this scenario, the average linear return for the trade would be 77.10%. 52 week high: ALPHABET INC CLASS C recently reached a new 52-week high at $2,292.77. GOOG had traded in the range $1,209.71-$2,289.04 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 GOOG maintains its current direction and does not revert back to pricing on the bearish side of $2,285.92 on 23-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 ALPHABET INC CLASS C closes at or above $2,282.30 on 23-Apr-2021. Based on our risk-neutral analysis, there is a 51.89% 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.