Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for INOVIO PHARMACEUTICALS INC. C (INO) for the 7-Aug-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. INO was recently trading at $26.88 and has an implied volatility of 171.10% for this period. Based on an analysis of the options available for INO expiring on 7-Aug-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $26.88-$42.17 at expiration. In this scenario, the average linear return for the trade would be 114.12%. Big 14.97% Change: After closing the last trading session at $23.38, INOVIO PHARMACEUTICALS INC. C opened today at $23.47 and has reached a high of $27.40. Trade approach: A movement as big as 14.97% is a significantly bullish indicator, so this trade is designed to be profitable if INO maintains its current direction and does not revert back to pricing on the bearish side of $26.88 on 7-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 INOVIO PHARMACEUTICALS INC. C closes at or above $26.85 on 7-Aug-2020. Based on our risk-neutral analysis, there is a 50.11% 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.