Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for VERTEX (VRTX) for the 17-Apr-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. VRTX was recently trading at $247.38 and has an implied volatility of 41.40% for this period. Based on an analysis of the options available for VRTX expiring on 17-Apr-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $247.46-$266.23 at expiration. In this scenario, the average linear return for the trade would be 43.81%. 52 week high: VERTEX recently reached a new 52-week high at $250.00. VRTX had traded in the range $163.68-$249.85 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 VRTX maintains its current direction and does not revert back to pricing on the bearish side of $247.38 on 17-Apr-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 VERTEX closes at or above $246.80 on 17-Apr-2020. Based on our risk-neutral analysis, there is a 51.45% 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.