Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for LITHIUM AMERICAS INC (LAC) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. LAC was recently trading at $10.92 and has an implied volatility of 196.34% for this period. Based on an analysis of the options available for LAC expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $10.92-$18.87 at expiration. In this scenario, the average linear return for the trade would be 165.54%. Big 14.71% Change: After closing the last trading session at $9.52, LITHIUM AMERICAS INC opened today at $9.86 and has reached a high of $11.22. Trade approach: A movement as big as 14.71% is a significantly bullish indicator, so this trade is designed to be profitable if LAC maintains its current direction and does not revert back to pricing on the bearish side of $10.92 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 LITHIUM AMERICAS INC closes at or above $10.85 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 50.48% 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.