Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for LOWE’S COMPANIES (LOW) for the 14-May-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. LOW was recently trading at $206.00 and has an implied volatility of 21.79% for this period. Based on an analysis of the options available for LOW expiring on 14-May-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $205.42-$217.57 at expiration. In this scenario, the average linear return for the trade would be 34.66%. 52 week high: LOWE’S COMPANIES recently reached a new 52-week high at $207.29. LOW had traded in the range $91.49-$205.07 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 LOW maintains its current direction and does not revert back to pricing on the bearish side of $206.00 on 14-May-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 LOWE’S COMPANIES closes at or above $204.72 on 14-May-2021. Based on our risk-neutral analysis, there is a 52.36% 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.