Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Call trade opportunity for AMBEV S.A. (ABEV) for the 17-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. ABEV was recently trading at $2.17 and has an implied volatility of 70.87% for this period. Based on an analysis of the options available for ABEV expiring on 17-Jul-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $2.17-$2.89 at expiration. In this scenario, the average linear return for the trade would be 15.54%. Big 7.43% Change: After closing the last trading session at $2.02, AMBEV S.A. opened today at $2.10 and has reached a high of $2.19. Trade approach: A movement as big as 7.43% is a significantly bullish indicator, so this trade is designed to be profitable if ABEV maintains its current direction and does not revert back to pricing on the bearish side of $2.17 on 17-Jul-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 AMBEV S.A. closes at or above $2.08 on 17-Jul-2020. Based on our risk-neutral analysis, there is a 55.89% 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.