Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for METTLER-TOLEDO INTL (MTD) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. MTD was recently trading at $1,005.75 and has an implied volatility of 26.89% for this period. Based on an analysis of the options available for MTD expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $1,005.79-$1,049.81 at expiration. In this scenario, the average linear return for the trade would be 15.98%. 52 week high: METTLER-TOLEDO INTL recently reached a new 52-week high at $1,009.66. MTD had traded in the range $579.40-$1,009.07 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 MTD maintains its current direction and does not revert back to pricing on the bearish side of $1,005.75 on 16-Oct-2020. 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 METTLER-TOLEDO INTL closes at or above $1,005.20 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 50.54% 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.