Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for PELOTON INTERACTIVE INC. CLASS A COMMON STOCK (PTON) for the 4-Sep-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. PTON was recently trading at $75.47 and has an implied volatility of 73.95% for this period. Based on an analysis of the options available for PTON expiring on 4-Sep-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $75.47-$83.84 at expiration. In this scenario, the average linear return for the trade would be 99.71%. Big 7.35% Change: After closing the last trading session at $70.30, PELOTON INTERACTIVE INC. CLASS A COMMON STOCK opened today at $72.41 and has reached a high of $77.45. Trade approach: A movement as big as 7.35% is a significantly bullish indicator, so this trade is designed to be profitable if PTON maintains its current direction and does not revert back to pricing on the bearish side of $75.47 on 4-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 PELOTON INTERACTIVE INC. CLASS A COMMON STOCK closes at or above $74.96 on 4-Sep-2020. Based on our risk-neutral analysis, there is a 52.56% 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.