Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for THOMSON REUTERS (TRI) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. TRI was recently trading at $86.25 and has an implied volatility of 21.31% for this period. Based on an analysis of the options available for TRI expiring on 15-Jan-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $85.89-$94.31 at expiration. In this scenario, the average linear return for the trade would be 13.64%. 52 week high: THOMSON REUTERS recently reached a new 52-week high at $86.39. TRI had traded in the range $52.23-$85.09 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 TRI maintains its current direction and does not revert back to pricing on the bearish side of $86.25 on 15-Jan-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 THOMSON REUTERS closes at or above $84.40 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 57.43% 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.