Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for AMGEN (AMGN) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. AMGN was recently trading at $235.49 and has an implied volatility of 29.79% for this period. Based on an analysis of the options available for AMGN expiring on 15-Jan-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $233.96-$267.13 at expiration. In this scenario, the average linear return for the trade would be 47.21%. Big 7.01% Change: After closing the last trading session at $220.06, AMGEN opened today at $226.29 and has reached a high of $235.51. Trade approach: A movement as big as 7.01% is a significantly bullish indicator, so this trade is designed to be profitable if AMGN maintains its current direction and does not revert back to pricing on the bearish side of $235.49 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 AMGEN closes at or above $231.50 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 53.17% 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.