Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for ARISTA NETWORKS INC (ANET) for the 22-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. ANET was recently trading at $282.48 and has an implied volatility of 34.33% for this period. Based on an analysis of the options available for ANET expiring on 22-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $282.53-$318.82 at expiration. In this scenario, the average linear return for the trade would be 61.71%. 52 week high: ARISTA NETWORKS INC recently reached a new 52-week high at $289.00. ANET had traded in the range $156.63-$280.35 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 ANET maintains its current direction and does not revert back to pricing on the bearish side of $282.48 on 22-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 ARISTA NETWORKS INC closes at or above $281.90 on 22-Jan-2021. Based on our risk-neutral analysis, there is a 50.74% 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.