Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for GENERAL ELECTRIC (GE) for the 23-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. GE was recently trading at $6.58 and has an implied volatility of 49.93% for this period. Based on an analysis of the options available for GE expiring on 23-Oct-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $6.58-$7.71 at expiration. In this scenario, the average linear return for the trade would be 66.94%. Big 7.95% Change: After closing the last trading session at $6.10, GENERAL ELECTRIC opened today at $6.10 and has reached a high of $6.59. Trade approach: A movement as big as 7.95% is a significantly bullish indicator, so this trade is designed to be profitable if GE maintains its current direction and does not revert back to pricing on the bearish side of $6.58 on 23-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 GENERAL ELECTRIC closes at or above $6.54 on 23-Oct-2020. Based on our risk-neutral analysis, there is a 51.37% 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.