52-Week High Alert: Trading today’s movement in AMDOCS LIMITED ORDINARY SHARES $DOX

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Quantchabot has detected a promising Bull Call Spread trade opportunity for AMDOCS LIMITED ORDINARY SHARES (DOX) for the 15-Jul-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

DOX was recently trading at $84.29 and has an implied volatility of 23.64% for this period. Based on an analysis of the options available for DOX expiring on 15-Jul-2022, there is a 34.17% likelihood that the underlying will close within the analyzed range of $83.98-$92.70 at expiration. In this scenario, the average linear return for the trade would be 15.23%.

52 week high: AMDOCS LIMITED ORDINARY SHARES recently reached a new 52-week high at $84.50. DOX had traded in the range $68.33-$84.39 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 DOX maintains its current direction and does not revert back to pricing on the bearish side of $84.29 on 15-Jul-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 AMDOCS LIMITED ORDINARY SHARES closes at or above $82.95 on 15-Jul-2022. Based on our risk-neutral analysis, there is a 55.00% 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.