Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Synthetic Long Stock trade opportunity for PHREESIA INC (PHR) for the 20-Nov-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. PHR was recently trading at $35.93 and has an implied volatility of 77.24% for this period. Based on an analysis of the options available for PHR expiring on 20-Nov-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $35.93-$44.90 at expiration. In this scenario, the average linear return for the trade would be 56.84%. Big 10.47% Change: After closing the last trading session at $32.52, PHREESIA INC opened today at $34.45 and has reached a high of $36.39. Trade approach: A movement as big as 10.47% is a significantly bullish indicator, so this trade is designed to be profitable if PHR maintains its current direction and does not revert back to pricing on the bearish side of $35.93 on 20-Nov-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 PHREESIA INC closes at or above $35.45 on 20-Nov-2020. Based on our risk-neutral analysis, there is a 52.41% 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.