Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for AMERICAN WELL CORP (AMWL) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. AMWL was recently trading at $26.52 and has an implied volatility of 81.21% for this period. Based on an analysis of the options available for AMWL expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $26.53-$35.76 at expiration. In this scenario, the average linear return for the trade would be 81.89%. Big 7.34% Change: After closing the last trading session at $24.71, AMERICAN WELL CORP opened today at $26.00 and has reached a high of $26.73. Trade approach: A movement as big as 7.34% is a significantly bullish indicator, so this trade is designed to be profitable if AMWL maintains its current direction and does not revert back to pricing on the bearish side of $26.52 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 AMERICAN WELL CORP closes at or above $26.15 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 51.92% 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.