Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for BOOKING HOLDINGS INC. COMMON STOCK (BKNG) for the 18-Feb-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. BKNG was recently trading at $2,264.09 and has an implied volatility of 37.85% for this period. Based on an analysis of the options available for BKNG expiring on 18-Feb-2022, there is a 34.13% likelihood that the underlying will close within the analyzed range of $2,264.57-$2,686.26 at expiration. In this scenario, the average linear return for the trade would be 59.24%. Big 7.08% Change: After closing the last trading session at $2,114.44, BOOKING HOLDINGS INC. COMMON STOCK opened today at $2,163.00 and has reached a high of $2,272.26. Trade approach: A movement as big as 7.08% is a significantly bullish indicator, so this trade is designed to be profitable if BKNG maintains its current direction and does not revert back to pricing on the bearish side of $2,264.09 on 18-Feb-2022. 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 BOOKING HOLDINGS INC. COMMON STOCK closes at or above $2,263.50 on 18-Feb-2022. 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.