Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for VEONEER INC (VNE) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. VNE was recently trading at $13.99 and has an implied volatility of 64.23% for this period. Based on an analysis of the options available for VNE expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $13.99-$17.72 at expiration. In this scenario, the average linear return for the trade would be 30.54%. Big 8.96% Change: After closing the last trading session at $12.84, VEONEER INC opened today at $14.38 and has reached a high of $14.44. Trade approach: A movement as big as 8.96% is a significantly bullish indicator, so this trade is designed to be profitable if VNE maintains its current direction and does not revert back to pricing on the bearish side of $13.99 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 VEONEER INC closes at or above $13.85 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 51.73% 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.