Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for RENEWABLE ENERGY GROUP (REGI) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. REGI was recently trading at $37.94 and has an implied volatility of 72.57% for this period. Based on an analysis of the options available for REGI expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $37.95-$49.00 at expiration. In this scenario, the average linear return for the trade would be 66.27%. Big 13.49% Change: After closing the last trading session at $33.43, RENEWABLE ENERGY GROUP opened today at $35.11 and has reached a high of $39.04. Trade approach: A movement as big as 13.49% is a significantly bullish indicator, so this trade is designed to be profitable if REGI maintains its current direction and does not revert back to pricing on the bearish side of $37.94 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 RENEWABLE ENERGY GROUP closes at or above $37.85 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 50.40% 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.