Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for COTY INC (COTY) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. COTY was recently trading at $5.15 and has an implied volatility of 72.35% for this period. Based on an analysis of the options available for COTY expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $5.15-$6.91 at expiration. In this scenario, the average linear return for the trade would be 73.87%. Big 7.52% Change: After closing the last trading session at $4.79, COTY INC opened today at $4.98 and has reached a high of $5.34. Trade approach: A movement as big as 7.52% is a significantly bullish indicator, so this trade is designed to be profitable if COTY maintains its current direction and does not revert back to pricing on the bearish side of $5.15 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 COTY INC closes at or above $5.00 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 54.04% 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.