Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for MAGNA INTERNATIONAL (MGA) for the 18-Dec-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. MGA was recently trading at $61.17 and has an implied volatility of 33.33% for this period. Based on an analysis of the options available for MGA expiring on 18-Dec-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $60.88-$67.02 at expiration. In this scenario, the average linear return for the trade would be 55.19%. 52 week high: MAGNA INTERNATIONAL recently reached a new 52-week high at $61.61. MGA had traded in the range $22.75-$61.29 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 MGA maintains its current direction and does not revert back to pricing on the bearish side of $61.17 on 18-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 MAGNA INTERNATIONAL closes at or above $60.55 on 18-Dec-2020. Based on our risk-neutral analysis, there is a 52.24% 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.