Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for EXTENDED STAY AMERICA INC. PAIRED SHARES (STAY) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. STAY was recently trading at $20.02 and has an implied volatility of 63.45% for this period. Based on an analysis of the options available for STAY expiring on 16-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $20.02-$23.58 at expiration. In this scenario, the average linear return for the trade would be 164.91%. 52 week high: EXTENDED STAY AMERICA INC. PAIRED SHARES recently reached a new 52-week high at $20.03. STAY had traded in the range $6.26-$19.44 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 STAY maintains its current direction and does not revert back to pricing on the bearish side of $20.02 on 16-Apr-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 EXTENDED STAY AMERICA INC. PAIRED SHARES closes at or above $20.00 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 50.26% 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.