Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for LA-Z-BOY (LZB) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. LZB was recently trading at $42.19 and has an implied volatility of 36.37% for this period. Based on an analysis of the options available for LZB expiring on 15-Jan-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $42.06-$48.64 at expiration. In this scenario, the average linear return for the trade would be 44.83%. Big 10.07% Change: After closing the last trading session at $38.33, LA-Z-BOY opened today at $40.40 and has reached a high of $42.48. Trade approach: A movement as big as 10.07% is a significantly bullish indicator, so this trade is designed to be profitable if LZB maintains its current direction and does not revert back to pricing on the bearish side of $42.19 on 15-Jan-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 LA-Z-BOY closes at or above $41.35 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 54.66% 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.