Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for CUREVAC N.V. (CVAC) for the 20-Nov-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. CVAC was recently trading at $80.96 and has an implied volatility of 125.69% for this period. Based on an analysis of the options available for CVAC expiring on 20-Nov-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $80.96-$92.83 at expiration. In this scenario, the average linear return for the trade would be 37.29%. Big 7.66% Change: After closing the last trading session at $75.20, CUREVAC N.V. opened today at $79.20 and has reached a high of $82.49. Trade approach: A movement as big as 7.66% is a significantly bullish indicator, so this trade is designed to be profitable if CVAC maintains its current direction and does not revert back to pricing on the bearish side of $80.96 on 20-Nov-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 CUREVAC N.V. closes at or above $80.30 on 20-Nov-2020. Based on our risk-neutral analysis, there is a 52.40% 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.