Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for TAIWAN SEMICONDUCTOR (TSM) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. TSM was recently trading at $103.84 and has an implied volatility of 39.76% for this period. Based on an analysis of the options available for TSM expiring on 15-Jan-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $103.52-$119.09 at expiration. In this scenario, the average linear return for the trade would be 88.60%. Big 7.03% Change: After closing the last trading session at $97.02, TAIWAN SEMICONDUCTOR opened today at $98.69 and has reached a high of $103.98. Trade approach: A movement as big as 7.03% is a significantly bullish indicator, so this trade is designed to be profitable if TSM maintains its current direction and does not revert back to pricing on the bearish side of $103.84 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 TAIWAN SEMICONDUCTOR closes at or above $102.60 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 52.55% 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.