Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for LORDSTOWN MOTORS CORP (RIDE) for the 27-Nov-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. RIDE was recently trading at $28.68 and has an implied volatility of 116.05% for this period. Based on an analysis of the options available for RIDE expiring on 27-Nov-2020, there is a 34.15% likelihood that the underlying will close within the analyzed range of $28.68-$32.56 at expiration. In this scenario, the average linear return for the trade would be 99.98%. Big 8.39% Change: After closing the last trading session at $26.46, LORDSTOWN MOTORS CORP opened today at $27.37 and has reached a high of $29.41. Trade approach: A movement as big as 8.39% is a significantly bullish indicator, so this trade is designed to be profitable if RIDE maintains its current direction and does not revert back to pricing on the bearish side of $28.68 on 27-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 LORDSTOWN MOTORS CORP closes at or above $28.61 on 27-Nov-2020. Based on our risk-neutral analysis, there is a 50.77% 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.