Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for GLOBUS MEDICAL (GMED) for the 17-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. GMED was recently trading at $55.02 and has an implied volatility of 51.84% for this period. Based on an analysis of the options available for GMED expiring on 17-Jul-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $55.03-$67.58 at expiration. In this scenario, the average linear return for the trade would be 30.08%. Big 9.51% Change: After closing the last trading session at $50.24, GLOBUS MEDICAL opened today at $49.90 and has reached a high of $55.47. Trade approach: A movement as big as 9.51% is a significantly bullish indicator, so this trade is designed to be profitable if GMED maintains its current direction and does not revert back to pricing on the bearish side of $55.02 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 GLOBUS MEDICAL closes at or above $55.00 on 17-Jul-2020. Based on our risk-neutral analysis, there is a 50.12% 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.