Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for UNITED PARCEL SERVICE (UPS) for the 23-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. UPS was recently trading at $178.81 and has an implied volatility of 18.31% for this period. Based on an analysis of the options available for UPS expiring on 23-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $178.82-$184.67 at expiration. In this scenario, the average linear return for the trade would be 81.00%. 52 week high: UNITED PARCEL SERVICE recently reached a new 52-week high at $178.92. UPS had traded in the range $88.85-$178.01 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 UPS maintains its current direction and does not revert back to pricing on the bearish side of $178.81 on 23-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 UNITED PARCEL SERVICE closes at or above $178.80 on 23-Apr-2021. Based on our risk-neutral analysis, there is a 50.11% 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.