Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for SBA COMMUNICATIONS (SBAC) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SBAC was recently trading at $322.91 and has an implied volatility of 32.54% for this period. Based on an analysis of the options available for SBAC expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $322.95-$355.22 at expiration. In this scenario, the average linear return for the trade would be 40.26%. 52 week high: SBA COMMUNICATIONS recently reached a new 52-week high at $323.46. SBAC had traded in the range $205.20-$323.02 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 SBAC maintains its current direction and does not revert back to pricing on the bearish side of $322.91 on 16-Oct-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 SBA COMMUNICATIONS closes at or above $320.70 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 52.93% 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.