Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for SOCIEDAD QUIMICA Y MINERA (SQM) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SQM was recently trading at $46.37 and has an implied volatility of 44.35% for this period. Based on an analysis of the options available for SQM expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $46.38-$55.29 at expiration. In this scenario, the average linear return for the trade would be 30.09%. 52 week high: SOCIEDAD QUIMICA Y MINERA recently reached a new 52-week high at $46.38. SQM had traded in the range $15.20-$45.69 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 SQM maintains its current direction and does not revert back to pricing on the bearish side of $46.37 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 SOCIEDAD QUIMICA Y MINERA closes at or above $46.00 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 51.87% 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.