Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for WALGREEN BOOTS ALLIANCE INC. (WBA) for the 24-Dec-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. WBA was recently trading at $43.11 and has an implied volatility of 35.87% for this period. Based on an analysis of the options available for WBA expiring on 24-Dec-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $42.65-$48.32 at expiration. In this scenario, the average linear return for the trade would be 42.85%. Big 8.36% Change: After closing the last trading session at $39.78, WALGREEN BOOTS ALLIANCE INC. opened today at $39.80 and has reached a high of $43.76. Trade approach: A movement as big as 8.36% is a significantly bullish indicator, so this trade is designed to be profitable if WBA maintains its current direction and does not revert back to pricing on the bearish side of $43.11 on 24-Dec-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 WALGREEN BOOTS ALLIANCE INC. closes at or above $42.63 on 24-Dec-2020. Based on our risk-neutral analysis, there is a 50.12% 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.