Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Call trade opportunity for MERSANA THERAPEUTICS INC. COMMON STOCK (MRSN) for the 17-Apr-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. MRSN was recently trading at $9.27 and has an implied volatility of 261.83% for this period. Based on an analysis of the options available for MRSN expiring on 17-Apr-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $9.27-$14.10 at expiration. In this scenario, the average linear return for the trade would be 22.41%. 52 week high: MERSANA THERAPEUTICS INC. COMMON STOCK recently reached a new 52-week high at $9.99. MRSN had traded in the range $1.32-$9.57 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 MRSN maintains its current direction and does not revert back to pricing on the bearish side of $9.27 on 17-Apr-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 MERSANA THERAPEUTICS INC. COMMON STOCK closes at or above $9.23 on 17-Apr-2020. Based on our risk-neutral analysis, there is a 50.43% 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.