Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for ATLASSIAN CORPORATION PLC CLASS A ORDINARY SHARES (TEAM) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. TEAM was recently trading at $202.50 and has an implied volatility of 42.00% for this period. Based on an analysis of the options available for TEAM expiring on 15-Jan-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $202.55-$243.87 at expiration. In this scenario, the average linear return for the trade would be 68.47%. Big 7.24% Change: After closing the last trading session at $188.82, ATLASSIAN CORPORATION PLC CLASS A ORDINARY SHARES opened today at $195.00 and has reached a high of $203.18. Trade approach: A movement as big as 7.24% is a significantly bullish indicator, so this trade is designed to be profitable if TEAM maintains its current direction and does not revert back to pricing on the bearish side of $202.50 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 ATLASSIAN CORPORATION PLC CLASS A ORDINARY SHARES closes at or above $201.00 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 51.65% 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.