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Quantchabot has detected a promising Bull Call Spread trade opportunity for BIO-TECHNE CORP COMMON STOCK (TECH) for the 15-Oct-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
TECH was recently trading at $505.08 and has an implied volatility of 30.89% for this period. Based on an analysis of the options available for TECH expiring on 15-Oct-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $505.12-$553.78 at expiration. In this scenario, the average linear return for the trade would be 58.30%.
52 week high: BIO-TECHNE CORP COMMON STOCK recently reached a new 52-week high at $522.49. TECH had traded in the range $228.66-$521.46 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 TECH maintains its current direction and does not revert back to pricing on the bearish side of $505.08 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 BIO-TECHNE CORP COMMON STOCK closes at or above $503.50 on 15-Oct-2021. Based on our risk-neutral analysis, there is a 51.40% 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.