Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for EXACT SCIENCES (EXAS) for the 30-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. EXAS was recently trading at $105.51 and has an implied volatility of 56.83% for this period. Based on an analysis of the options available for EXAS expiring on 30-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $105.53-$123.65 at expiration. In this scenario, the average linear return for the trade would be 27.28%. 52 week high: EXACT SCIENCES recently reached a new 52-week high at $107.40. EXAS had traded in the range $35.25-$105.56 over the past year. Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if EXAS maintains its current direction and does not revert back to pricing on the bearish side of $105.51 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 EXACT SCIENCES closes at or above $105.25 on 30-Oct-2020. Based on our risk-neutral analysis, there is a 50.66% 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.