Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for SONOS INC. COMMON STOCK (SONO) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SONO was recently trading at $21.52 and has an implied volatility of 65.72% for this period. Based on an analysis of the options available for SONO expiring on 15-Jan-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $21.53-$27.93 at expiration. In this scenario, the average linear return for the trade would be 84.34%. Big 25.92% Change: After closing the last trading session at $17.09, SONOS INC. COMMON STOCK opened today at $20.25 and has reached a high of $22.32. Trade approach: A movement as big as 25.92% is a significantly bullish indicator, so this trade is designed to be profitable if SONO maintains its current direction and does not revert back to pricing on the bearish side of $21.52 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 SONOS INC. COMMON STOCK closes at or above $21.30 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 51.61% 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.