Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for DIGITAL TURBINE INC (APPS) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. APPS was recently trading at $52.27 and has an implied volatility of 84.64% for this period. Based on an analysis of the options available for APPS expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $52.28-$66.45 at expiration. In this scenario, the average linear return for the trade would be 86.38%. Big 7.24% Change: After closing the last trading session at $48.74, DIGITAL TURBINE INC opened today at $50.77 and has reached a high of $52.78. Trade approach: A movement as big as 7.24% is a significantly bullish indicator, so this trade is designed to be profitable if APPS maintains its current direction and does not revert back to pricing on the bearish side of $52.27 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 DIGITAL TURBINE INC closes at or above $51.65 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 52.00% 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.