Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for LAMAR ADVERTISING COMPANY CLAS (LAMR) for the 15-Oct-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. LAMR was recently trading at $117.60 and has an implied volatility of 24.10% for this period. Based on an analysis of the options available for LAMR expiring on 15-Oct-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $117.61-$125.00 at expiration. In this scenario, the average linear return for the trade would be 23.11%. 52 week high: LAMAR ADVERTISING COMPANY CLAS recently reached a new 52-week high at $117.60. LAMR had traded in the range $59.78-$116.54 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 LAMR maintains its current direction and does not revert back to pricing on the bearish side of $117.60 on 15-Oct-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 LAMAR ADVERTISING COMPANY CLAS closes at or above $116.80 on 15-Oct-2021. Based on our risk-neutral analysis, there is a 54.49% 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.