Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Call trade opportunity for CHINDATA GROUP HOLDINGS LIMITED AMERICAN DEPOSITAR (CD) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. CD was recently trading at $19.15 and has an implied volatility of 61.63% for this period. Based on an analysis of the options available for CD expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $19.15-$24.14 at expiration. In this scenario, the average linear return for the trade would be 11.74%. Big 8.56% Change: After closing the last trading session at $17.64, CHINDATA GROUP HOLDINGS LIMITED AMERICAN DEPOSITAR opened today at $17.33 and has reached a high of $19.15. Trade approach: A movement as big as 8.56% is a significantly bullish indicator, so this trade is designed to be profitable if CD maintains its current direction and does not revert back to pricing on the bearish side of $19.15 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 CHINDATA GROUP HOLDINGS LIMITED AMERICAN DEPOSITAR closes at or above $19.10 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 50.49% 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.