Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for FEDEX (FDX) for the 11-Dec-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. FDX was recently trading at $294.59 and has an implied volatility of 33.07% for this period. Based on an analysis of the options available for FDX expiring on 11-Dec-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $294.61-$316.62 at expiration. In this scenario, the average linear return for the trade would be 66.84%. 52 week high: FEDEX recently reached a new 52-week high at $295.55. FDX had traded in the range $88.69-$293.30 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 FDX maintains its current direction and does not revert back to pricing on the bearish side of $294.59 on 11-Dec-2020. 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 FEDEX closes at or above $294.50 on 11-Dec-2020. Based on our risk-neutral analysis, there is a 50.21% 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.