Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for NOVAVAX (NVAX) for the 7-Aug-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. NVAX was recently trading at $134.85 and has an implied volatility of 168.68% for this period. Based on an analysis of the options available for NVAX expiring on 7-Aug-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $134.86-$202.89 at expiration. In this scenario, the average linear return for the trade would be 84.15%. Big 12.10% Change: After closing the last trading session at $120.29, NOVAVAX opened today at $128.89 and has reached a high of $134.98. Trade approach: A movement as big as 12.10% is a significantly bullish indicator, so this trade is designed to be profitable if NVAX maintains its current direction and does not revert back to pricing on the bearish side of $134.85 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 NOVAVAX closes at or above $133.60 on 7-Aug-2020. Based on our risk-neutral analysis, there is a 50.92% 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.