Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for SLACK TECHNOLOGIES INC (WORK) for the 21-Aug-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. WORK was recently trading at $33.73 and has an implied volatility of 60.16% for this period. Based on an analysis of the options available for WORK expiring on 21-Aug-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $33.74-$41.61 at expiration. In this scenario, the average linear return for the trade would be 94.79%. Big 7.16% Change: After closing the last trading session at $31.48, SLACK TECHNOLOGIES INC opened today at $31.76 and has reached a high of $33.82. Trade approach: A movement as big as 7.16% is a significantly bullish indicator, so this trade is designed to be profitable if WORK maintains its current direction and does not revert back to pricing on the bearish side of $33.73 on 21-Aug-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 SLACK TECHNOLOGIES INC closes at or above $33.47 on 21-Aug-2020. Based on our risk-neutral analysis, there is a 51.54% 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.