Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for ELI LILLY (LLY) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. LLY was recently trading at $145.03 and has an implied volatility of 30.24% for this period. Based on an analysis of the options available for LLY expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $144.34-$165.13 at expiration. In this scenario, the average linear return for the trade would be 41.17%. Big 10.73% Change: After closing the last trading session at $130.98, ELI LILLY opened today at $134.91 and has reached a high of $145.43. Trade approach: A movement as big as 10.73% is a significantly bullish indicator, so this trade is designed to be profitable if LLY maintains its current direction and does not revert back to pricing on the bearish side of $145.03 on 15-Jan-2021. 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 ELI LILLY closes at or above $143.90 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 50.89% 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.