Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for HONEYWELL INTERNATIONAL (HON) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. HON was recently trading at $228.40 and has an implied volatility of 21.94% for this period. Based on an analysis of the options available for HON expiring on 16-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $228.40-$233.97 at expiration. In this scenario, the average linear return for the trade would be 68.74%. 52 week high: HONEYWELL INTERNATIONAL recently reached a new 52-week high at $228.07. HON had traded in the range $117.11-$221.05 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 HON maintains its current direction and does not revert back to pricing on the bearish side of $228.40 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 HONEYWELL INTERNATIONAL closes at or above $227.80 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 54.37% 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.