Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for IGM BIOSCIENCES INC. COMMON STOCK (IGMS) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. IGMS was recently trading at $65.80 and has an implied volatility of 87.81% for this period. Based on an analysis of the options available for IGMS expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $65.81-$85.11 at expiration. In this scenario, the average linear return for the trade would be 26.71%. Big 7.43% Change: After closing the last trading session at $61.25, IGM BIOSCIENCES INC. COMMON STOCK opened today at $63.90 and has reached a high of $67.50. Trade approach: A movement as big as 7.43% is a significantly bullish indicator, so this trade is designed to be profitable if IGMS maintains its current direction and does not revert back to pricing on the bearish side of $65.80 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 IGM BIOSCIENCES INC. COMMON STOCK closes at or above $65.30 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 51.20% 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.