Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for WARNER MUSIC GROUP CORP. CLASS A COMMON STOCK (WMG) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. WMG was recently trading at $35.69 and has an implied volatility of 39.12% for this period. Based on an analysis of the options available for WMG expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $35.69-$39.88 at expiration. In this scenario, the average linear return for the trade would be 59.87%. Big 7.97% Change: After closing the last trading session at $33.05, WARNER MUSIC GROUP CORP. CLASS A COMMON STOCK opened today at $33.98 and has reached a high of $35.95. Trade approach: A movement as big as 7.97% is a significantly bullish indicator, so this trade is designed to be profitable if WMG maintains its current direction and does not revert back to pricing on the bearish side of $35.69 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 WARNER MUSIC GROUP CORP. CLASS A COMMON STOCK closes at or above $35.65 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 50.40% 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.