Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for CARDLYTICS INC. COMMON STOCK (CDLX) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. CDLX was recently trading at $108.95 and has an implied volatility of 67.81% for this period. Based on an analysis of the options available for CDLX expiring on 15-Jan-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $108.98-$144.54 at expiration. In this scenario, the average linear return for the trade would be 76.39%. 52 week high: CARDLYTICS INC. COMMON STOCK recently reached a new 52-week high at $111.73. CDLX had traded in the range $27.33-$108.66 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 CDLX maintains its current direction and does not revert back to pricing on the bearish side of $108.95 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 CARDLYTICS INC. COMMON STOCK closes at or above $108.10 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 51.14% 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.