Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for S & P GLOBAL INC (SPGI) for the 24-Apr-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SPGI was recently trading at $279.83 and has an implied volatility of 41.54% for this period. Based on an analysis of the options available for SPGI expiring on 24-Apr-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $279.93-$304.78 at expiration. In this scenario, the average linear return for the trade would be 46.44%. Big 7.01% Change: After closing the last trading session at $261.51, S & P GLOBAL INC opened today at $262.95 and has reached a high of $280.14. Trade approach: A movement as big as 7.01% is a significantly bullish indicator, so this trade is designed to be profitable if SPGI maintains its current direction and does not revert back to pricing on the bearish side of $279.83 on 24-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 S & P GLOBAL INC closes at or above $279.40 on 24-Apr-2020. Based on our risk-neutral analysis, there is a 50.89% 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.