Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for STITCH FIX INC. CLASS A COMMON STOCK (SFIX) for the 22-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SFIX was recently trading at $57.61 and has an implied volatility of 69.53% for this period. Based on an analysis of the options available for SFIX expiring on 22-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $57.62-$73.42 at expiration. In this scenario, the average linear return for the trade would be 71.06%. Big 15.47% Change: After closing the last trading session at $49.89, STITCH FIX INC. CLASS A COMMON STOCK opened today at $50.45 and has reached a high of $57.70. Trade approach: A movement as big as 15.47% is a significantly bullish indicator, so this trade is designed to be profitable if SFIX maintains its current direction and does not revert back to pricing on the bearish side of $57.61 on 22-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 STITCH FIX INC. CLASS A COMMON STOCK closes at or above $57.50 on 22-Jan-2021. Based on our risk-neutral analysis, there is a 50.34% 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.