Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for WPX ENERGY (WPX) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. WPX was recently trading at $5.17 and has an implied volatility of 73.21% for this period. Based on an analysis of the options available for WPX expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $5.17-$6.09 at expiration. In this scenario, the average linear return for the trade would be 43.32%. Big 16.44% Change: After closing the last trading session at $4.44, WPX ENERGY opened today at $4.91 and has reached a high of $5.18. Trade approach: A movement as big as 16.44% is a significantly bullish indicator, so this trade is designed to be profitable if WPX maintains its current direction and does not revert back to pricing on the bearish side of $5.17 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 WPX ENERGY closes at or above $5.10 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 53.33% 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.