Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for OCCIDENTAL PETROLEUM (OXY) for the 7-Aug-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. OXY was recently trading at $17.41 and has an implied volatility of 69.46% for this period. Based on an analysis of the options available for OXY expiring on 7-Aug-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $17.41-$20.26 at expiration. In this scenario, the average linear return for the trade would be 50.76%. Big 10.96% Change: After closing the last trading session at $15.69, OCCIDENTAL PETROLEUM opened today at $16.12 and has reached a high of $17.43. Trade approach: A movement as big as 10.96% is a significantly bullish indicator, so this trade is designed to be profitable if OXY maintains its current direction and does not revert back to pricing on the bearish side of $17.41 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 OCCIDENTAL PETROLEUM closes at or above $17.30 on 7-Aug-2020. Based on our risk-neutral analysis, there is a 51.69% 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.