Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for WEST PHARMACEUTICAL (WST) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. WST was recently trading at $291.32 and has an implied volatility of 38.82% for this period. Based on an analysis of the options available for WST expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $291.33-$311.06 at expiration. In this scenario, the average linear return for the trade would be 15.61%. 52 week high: WEST PHARMACEUTICAL recently reached a new 52-week high at $292.45. WST had traded in the range $124.53-$288.65 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 WST maintains its current direction and does not revert back to pricing on the bearish side of $291.32 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 WEST PHARMACEUTICAL closes at or above $287.30 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 58.42% 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.