52-Week High Alert: Trading today’s movement in PTC INC. COMMON STOCK $PTC

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Quantchabot has detected a promising Bull Call Spread trade opportunity for PTC INC. COMMON STOCK (PTC) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

PTC was recently trading at $147.78 and has an implied volatility of 30.46% for this period. Based on an analysis of the options available for PTC expiring on 16-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $147.78-$154.76 at expiration. In this scenario, the average linear return for the trade would be 23.51%.

52 week high: PTC INC. COMMON STOCK recently reached a new 52-week high at $149.26. PTC had traded in the range $58.88-$147.67 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 PTC maintains its current direction and does not revert back to pricing on the bearish side of $147.78 on 16-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 PTC INC. COMMON STOCK closes at or above $147.75 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 50.20% 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.