Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for STANLEY BLACK & DECKER (SWK) for the 9-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SWK was recently trading at $199.62 and has an implied volatility of 21.37% for this period. Based on an analysis of the options available for SWK expiring on 9-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $199.62-$208.25 at expiration. In this scenario, the average linear return for the trade would be 34.57%. 52 week high: STANLEY BLACK & DECKER recently reached a new 52-week high at $199.66. SWK had traded in the range $88.54-$199.40 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 SWK maintains its current direction and does not revert back to pricing on the bearish side of $199.62 on 9-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 STANLEY BLACK & DECKER closes at or above $199.50 on 9-Apr-2021. Based on our risk-neutral analysis, there is a 50.58% 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.