Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for GAMESTOP (GME) for the 20-Nov-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. GME was recently trading at $15.10 and has an implied volatility of 139.17% for this period. Based on an analysis of the options available for GME expiring on 20-Nov-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $15.10-$22.41 at expiration. In this scenario, the average linear return for the trade would be 116.96%. 52 week high: GAMESTOP recently reached a new 52-week high at $15.87. GME had traded in the range $2.57-$15.10 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 GME maintains its current direction and does not revert back to pricing on the bearish side of $15.10 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 GAMESTOP closes at or above $15.05 on 20-Nov-2020. Based on our risk-neutral analysis, there is a 50.35% 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.