Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for WR BERKLEY (WRB) for the 21-Jan-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. WRB was recently trading at $86.58 and has an implied volatility of 18.35% for this period. Based on an analysis of the options available for WRB expiring on 21-Jan-2022, there is a 34.14% likelihood that the underlying will close within the analyzed range of $86.58-$89.00 at expiration. In this scenario, the average linear return for the trade would be 13.59%. 52 week high: WR BERKLEY recently reached a new 52-week high at $87.07. WRB had traded in the range $61.49-$85.24 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 WRB maintains its current direction and does not revert back to pricing on the bearish side of $86.58 on 21-Jan-2022. 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 WR BERKLEY closes at or above $86.55 on 21-Jan-2022. Based on our risk-neutral analysis, there is a 50.48% 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.