Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for SORRENTO THERAPEUTICS INC. C (SRNE) for the 4-Dec-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SRNE was recently trading at $7.40 and has an implied volatility of 137.77% for this period. Based on an analysis of the options available for SRNE expiring on 4-Dec-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $7.40-$9.81 at expiration. In this scenario, the average linear return for the trade would be 124.91%. Big 8.06% Change: After closing the last trading session at $6.85, SORRENTO THERAPEUTICS INC. C opened today at $6.98 and has reached a high of $7.46. Trade approach: A movement as big as 8.06% is a significantly bullish indicator, so this trade is designed to be profitable if SRNE maintains its current direction and does not revert back to pricing on the bearish side of $7.40 on 4-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 SORRENTO THERAPEUTICS INC. C closes at or above $7.40 on 4-Dec-2020. Based on our risk-neutral analysis, there is a 50.05% 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.