Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for AMARIN (AMRN) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. AMRN was recently trading at $7.58 and has an implied volatility of 98.36% for this period. Based on an analysis of the options available for AMRN expiring on 16-Oct-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $7.59-$10.93 at expiration. In this scenario, the average linear return for the trade would be 96.30%. Big 7.59% Change: After closing the last trading session at $7.05, AMARIN opened today at $7.10 and has reached a high of $7.78. Trade approach: A movement as big as 7.59% is a significantly bullish indicator, so this trade is designed to be profitable if AMRN maintains its current direction and does not revert back to pricing on the bearish side of $7.58 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 AMARIN closes at or above $7.49 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 51.40% 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.