Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Synthetic Long Stock trade opportunity for PRECIGEN INC. COMMON STOCK (PGEN) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. PGEN was recently trading at $5.43 and has an implied volatility of 136.66% for this period. Based on an analysis of the options available for PGEN expiring on 16-Oct-2020, there is a 34.15% likelihood that the underlying will close within the analyzed range of $5.43-$5.89 at expiration. In this scenario, the average linear return for the trade would be 21.48%. Big 16.27% Change: After closing the last trading session at $4.67, PRECIGEN INC. COMMON STOCK opened today at $4.67 and has reached a high of $5.43. Trade approach: A movement as big as 16.27% is a significantly bullish indicator, so this trade is designed to be profitable if PGEN maintains its current direction and does not revert back to pricing on the bearish side of $5.43 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 PRECIGEN INC. COMMON STOCK closes at or above $5.40 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 52.71% 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.