Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for UNITED RENTALS (URI) for the 26-Mar-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. URI was recently trading at $275.63 and has an implied volatility of 44.40% for this period. Based on an analysis of the options available for URI expiring on 26-Mar-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $275.67-$322.32 at expiration. In this scenario, the average linear return for the trade would be 65.03%. 52 week high: UNITED RENTALS recently reached a new 52-week high at $276.41. URI had traded in the range $58.85-$267.59 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 URI maintains its current direction and does not revert back to pricing on the bearish side of $275.63 on 26-Mar-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 RENTALS closes at or above $275.50 on 26-Mar-2021. Based on our risk-neutral analysis, there is a 50.16% 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.