Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for DYNAVAX TECHNOLOGIES CORPORATI (DVAX) for the 17-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. DVAX was recently trading at $11.97 and has an implied volatility of 124.80% for this period. Based on an analysis of the options available for DVAX expiring on 17-Jul-2020, there is a 34.29% likelihood that the underlying will close within the analyzed range of $11.97-$12.42 at expiration. In this scenario, the average linear return for the trade would be 17.57%. Big 26.13% Change: After closing the last trading session at $9.49, DYNAVAX TECHNOLOGIES CORPORATI opened today at $9.50 and has reached a high of $12.19. Trade approach: A movement as big as 26.13% is a significantly bullish indicator, so this trade is designed to be profitable if DVAX maintains its current direction and does not revert back to pricing on the bearish side of $11.97 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 DYNAVAX TECHNOLOGIES CORPORATI closes at or above $11.85 on 17-Jul-2020. Based on our risk-neutral analysis, there is a 60.74% 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.