Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for CANADA GOOSE HOLDINGS INC (GOOS) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. GOOS was recently trading at $38.50 and has an implied volatility of 45.66% for this period. Based on an analysis of the options available for GOOS expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $38.51-$45.77 at expiration. In this scenario, the average linear return for the trade would be 68.10%. Big 7.78% Change: After closing the last trading session at $35.72, CANADA GOOSE HOLDINGS INC opened today at $36.60 and has reached a high of $39.07. Trade approach: A movement as big as 7.78% is a significantly bullish indicator, so this trade is designed to be profitable if GOOS maintains its current direction and does not revert back to pricing on the bearish side of $38.50 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 CANADA GOOSE HOLDINGS INC closes at or above $38.26 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 51.49% 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.