Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for ETSY INC. COMMON STOCK (ETSY) for the 21-Jan-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. ETSY was recently trading at $294.47 and has an implied volatility of 55.09% for this period. Based on an analysis of the options available for ETSY expiring on 21-Jan-2022, there is a 34.14% likelihood that the underlying will close within the analyzed range of $294.51-$365.66 at expiration. In this scenario, the average linear return for the trade would be 88.44%. 52 week high: ETSY INC. COMMON STOCK recently reached a new 52-week high at $307.75. ETSY had traded in the range $138.51-$301.00 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 ETSY maintains its current direction and does not revert back to pricing on the bearish side of $294.47 on 21-Jan-2022. 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 ETSY INC. COMMON STOCK closes at or above $290.45 on 21-Jan-2022. Based on our risk-neutral analysis, there is a 52.56% 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.