Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for BOOKING HOLDINGS INC. COMMON STOCK (BKNG) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. BKNG was recently trading at $2,132.96 and has an implied volatility of 34.33% for this period. Based on an analysis of the options available for BKNG expiring on 19-Feb-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $2,133.65-$2,498.72 at expiration. In this scenario, the average linear return for the trade would be 74.62%. 52 week high: BOOKING HOLDINGS INC. COMMON STOCK recently reached a new 52-week high at $2,132.96. BKNG had traded in the range $1,107.29-$2,128.02 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 BKNG maintains its current direction and does not revert back to pricing on the bearish side of $2,132.96 on 19-Feb-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 BOOKING HOLDINGS INC. COMMON STOCK closes at or above $2,133.50 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 50.02% 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.