Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Call trade opportunity for HEXCEL (HXL) for the 18-Dec-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. HXL was recently trading at $45.76 and has an implied volatility of 72.14% for this period. Based on an analysis of the options available for HXL expiring on 18-Dec-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $45.77-$57.64 at expiration. In this scenario, the average linear return for the trade would be 11.42%. Big 9.03% Change: After closing the last trading session at $41.97, HEXCEL opened today at $42.13 and has reached a high of $46.81. Trade approach: A movement as big as 9.03% is a significantly bullish indicator, so this trade is designed to be profitable if HXL maintains its current direction and does not revert back to pricing on the bearish side of $45.76 on 18-Dec-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 HEXCEL closes at or above $45.55 on 18-Dec-2020. Based on our risk-neutral analysis, there is a 50.82% 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.