Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for MODERNA INC. COMMON STOCK (MRNA) for the 30-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. MRNA was recently trading at $68.28 and has an implied volatility of 87.01% for this period. Based on an analysis of the options available for MRNA expiring on 30-Oct-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $68.29-$92.78 at expiration. In this scenario, the average linear return for the trade would be 84.91%. Big 7.24% Change: After closing the last trading session at $63.67, MODERNA INC. COMMON STOCK opened today at $65.03 and has reached a high of $68.41. Trade approach: A movement as big as 7.24% is a significantly bullish indicator, so this trade is designed to be profitable if MRNA maintains its current direction and does not revert back to pricing on the bearish side of $68.28 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 MODERNA INC. COMMON STOCK closes at or above $67.90 on 30-Oct-2020. Based on our risk-neutral analysis, there is a 50.75% 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.