Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for PTC INC. COMMON STOCK (PTC) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. PTC was recently trading at $112.74 and has an implied volatility of 35.65% for this period. Based on an analysis of the options available for PTC expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $112.76-$126.17 at expiration. In this scenario, the average linear return for the trade would be 57.37%. 52 week high: PTC INC. COMMON STOCK recently reached a new 52-week high at $113.04. PTC had traded in the range $43.90-$112.04 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 PTC maintains its current direction and does not revert back to pricing on the bearish side of $112.74 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 PTC INC. COMMON STOCK closes at or above $111.20 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 54.92% 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.