Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for DELL TECHNOLOGIES INC (DELL) for the 19-Nov-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. DELL was recently trading at $104.73 and has an implied volatility of 26.86% for this period. Based on an analysis of the options available for DELL expiring on 19-Nov-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $104.74-$115.96 at expiration. In this scenario, the average linear return for the trade would be 51.35%. 52 week high: DELL TECHNOLOGIES INC recently reached a new 52-week high at $105.36. DELL had traded in the range $58.88-$105.23 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 DELL maintains its current direction and does not revert back to pricing on the bearish side of $104.73 on 19-Nov-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 DELL TECHNOLOGIES INC closes at or above $103.30 on 19-Nov-2021. Based on our risk-neutral analysis, there is a 55.43% 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.