Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for BIOGEN INC. COMMON STOCK (BIIB) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. BIIB was recently trading at $305.84 and has an implied volatility of 30.89% for this period. Based on an analysis of the options available for BIIB expiring on 16-Oct-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $305.93-$350.37 at expiration. In this scenario, the average linear return for the trade would be 51.22%. Big 10.15% Change: After closing the last trading session at $277.66, BIOGEN INC. COMMON STOCK opened today at $311.14 and has reached a high of $312.00. Trade approach: A movement as big as 10.15% is a significantly bullish indicator, so this trade is designed to be profitable if BIIB maintains its current direction and does not revert back to pricing on the bearish side of $305.84 on 16-Oct-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 BIOGEN INC. COMMON STOCK closes at or above $304.60 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 51.28% 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.