Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for MYOVANT SCIENCES LTD (MYOV) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. MYOV was recently trading at $18.71 and has an implied volatility of 117.50% for this period. Based on an analysis of the options available for MYOV expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $18.71-$30.53 at expiration. In this scenario, the average linear return for the trade would be 69.66%. Big 9.29% Change: After closing the last trading session at $17.12, MYOVANT SCIENCES LTD opened today at $18.94 and has reached a high of $19.78. Trade approach: A movement as big as 9.29% is a significantly bullish indicator, so this trade is designed to be profitable if MYOV maintains its current direction and does not revert back to pricing on the bearish side of $18.71 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 MYOVANT SCIENCES LTD closes at or above $18.55 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 50.72% 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.