Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for SEATTLE GENETICS (SGEN) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SGEN was recently trading at $161.73 and has an implied volatility of 46.11% for this period. Based on an analysis of the options available for SGEN expiring on 16-Oct-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $161.75-$185.57 at expiration. In this scenario, the average linear return for the trade would be 56.25%. Big 7.84% Change: After closing the last trading session at $149.97, SEATTLE GENETICS opened today at $165.24 and has reached a high of $167.39. Trade approach: A movement as big as 7.84% is a significantly bullish indicator, so this trade is designed to be profitable if SGEN maintains its current direction and does not revert back to pricing on the bearish side of $161.73 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 SEATTLE GENETICS closes at or above $158.20 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 56.42% 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.