Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for BIOGEN INC. COMMON STOCK (BIIB) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. BIIB was recently trading at $344.50 and has an implied volatility of 53.46% for this period. Based on an analysis of the options available for BIIB expiring on 15-Jan-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $344.60-$437.15 at expiration. In this scenario, the average linear return for the trade would be 64.84%. Big 39.47% Change: After closing the last trading session at $247.01, BIOGEN INC. COMMON STOCK opened today at $253.20 and has reached a high of $363.92. Trade approach: A movement as big as 39.47% is a significantly bullish indicator, so this trade is designed to be profitable if BIIB maintains its current direction and does not revert back to pricing on the bearish side of $344.50 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 BIOGEN INC. COMMON STOCK closes at or above $343.20 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 50.68% 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.