Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for VODAFONE GROUP PLC AMERICAN DE (VOD) for the 30-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. VOD was recently trading at $18.89 and has an implied volatility of 26.69% for this period. Based on an analysis of the options available for VOD expiring on 30-Apr-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $18.89-$20.76 at expiration. In this scenario, the average linear return for the trade would be 19.71%. 52 week high: VODAFONE GROUP PLC AMERICAN DE recently reached a new 52-week high at $18.90. VOD had traded in the range $11.46-$18.88 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 VOD maintains its current direction and does not revert back to pricing on the bearish side of $18.89 on 30-Apr-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 VODAFONE GROUP PLC AMERICAN DE closes at or above $18.74 on 30-Apr-2021. Based on our risk-neutral analysis, there is a 53.43% 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.