Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for DEVON ENERGY (DVN) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. DVN was recently trading at $17.39 and has an implied volatility of 68.53% for this period. Based on an analysis of the options available for DVN expiring on 19-Feb-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $17.39-$22.14 at expiration. In this scenario, the average linear return for the trade would be 81.75%. Big 7.78% Change: After closing the last trading session at $16.13, DEVON ENERGY opened today at $16.38 and has reached a high of $17.58. Trade approach: A movement as big as 7.78% is a significantly bullish indicator, so this trade is designed to be profitable if DVN maintains its current direction and does not revert back to pricing on the bearish side of $17.39 on 19-Feb-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 DEVON ENERGY closes at or above $17.07 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 53.05% 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.