Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for EMERGENT BIOSOLUTIONS (EBS) for the 18-Sep-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. EBS was recently trading at $133.21 and has an implied volatility of 61.54% for this period. Based on an analysis of the options available for EBS expiring on 18-Sep-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $133.24-$165.10 at expiration. In this scenario, the average linear return for the trade would be 58.35%. Big 8.63% Change: After closing the last trading session at $122.63, EMERGENT BIOSOLUTIONS opened today at $129.18 and has reached a high of $136.39. Trade approach: A movement as big as 8.63% is a significantly bullish indicator, so this trade is designed to be profitable if EBS maintains its current direction and does not revert back to pricing on the bearish side of $133.21 on 18-Sep-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 EMERGENT BIOSOLUTIONS closes at or above $132.20 on 18-Sep-2020. Based on our risk-neutral analysis, there is a 51.45% 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.