Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Call trade opportunity for INOVIO PHARMACEUTICALS INC. C (INO) for the 30-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. INO was recently trading at $13.43 and has an implied volatility of 161.84% for this period. Based on an analysis of the options available for INO expiring on 30-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $13.44-$23.77 at expiration. In this scenario, the average linear return for the trade would be 29.23%. Big 18.67% Change: After closing the last trading session at $11.32, INOVIO PHARMACEUTICALS INC. C opened today at $11.51 and has reached a high of $14.26. Trade approach: A movement as big as 18.67% is a significantly bullish indicator, so this trade is designed to be profitable if INO maintains its current direction and does not revert back to pricing on the bearish side of $13.43 on 30-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 INOVIO PHARMACEUTICALS INC. C closes at or above $11.46 on 30-Oct-2020. Based on our risk-neutral analysis, there is a 60.98% 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.