Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for SEMTECH (SMTC) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SMTC was recently trading at $82.69 and has an implied volatility of 33.77% for this period. Based on an analysis of the options available for SMTC expiring on 19-Feb-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $82.70-$90.85 at expiration. In this scenario, the average linear return for the trade would be 43.21%. 52 week high: SEMTECH recently reached a new 52-week high at $82.89. SMTC had traded in the range $26.03-$81.88 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 SMTC maintains its current direction and does not revert back to pricing on the bearish side of $82.69 on 19-Feb-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 SEMTECH closes at or above $81.70 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 55.14% 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.