Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for SILICON LABORATORIES (SLAB) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SLAB was recently trading at $162.12 and has an implied volatility of 43.33% for this period. Based on an analysis of the options available for SLAB expiring on 16-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $162.15-$192.19 at expiration. In this scenario, the average linear return for the trade would be 44.42%. Big 9.94% Change: After closing the last trading session at $147.46, SILICON LABORATORIES opened today at $149.24 and has reached a high of $162.92. Trade approach: A movement as big as 9.94% is a significantly bullish indicator, so this trade is designed to be profitable if SLAB maintains its current direction and does not revert back to pricing on the bearish side of $162.12 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 SILICON LABORATORIES closes at or above $161.40 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 51.08% 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.