Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for PAYPAL HOLDINGS CORP (PYPL) for the 17-Apr-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. PYPL was recently trading at $124.07 and has an implied volatility of 21.21% for this period. Based on an analysis of the options available for PYPL expiring on 17-Apr-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $124.39-$135.79 at expiration. In this scenario, the average linear return for the trade would be 68.71%. 52 week high: PAYPAL HOLDINGS CORP recently reached a new 52-week high at $124.31. PYPL had traded in the range $93.98-$123.00 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 PYPL maintains its current direction and does not revert back to pricing on the bearish side of $124.07 on 17-Apr-2020. 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 PAYPAL HOLDINGS CORP closes at or above $122.95 on 17-Apr-2020. Based on our risk-neutral analysis, there is a 55.30% 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.