Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for EXPEDIA (EXPE) for the 17-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. EXPE was recently trading at $89.27 and has an implied volatility of 78.33% for this period. Based on an analysis of the options available for EXPE expiring on 17-Jul-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $89.27-$95.12 at expiration. In this scenario, the average linear return for the trade would be 52.41%. Big 8.25% Change: After closing the last trading session at $82.47, EXPEDIA opened today at $86.26 and has reached a high of $89.47. Trade approach: A movement as big as 8.25% is a significantly bullish indicator, so this trade is designed to be profitable if EXPE maintains its current direction and does not revert back to pricing on the bearish side of $89.27 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 EXPEDIA closes at or above $88.93 on 17-Jul-2020. Based on our risk-neutral analysis, there is a 52.41% 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.