Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for KODIAK SCIENCES LTD (KOD) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. KOD was recently trading at $147.63 and has an implied volatility of 74.89% for this period. Based on an analysis of the options available for KOD expiring on 19-Feb-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $147.65-$191.09 at expiration. In this scenario, the average linear return for the trade would be 53.43%. Big 8.00% Change: After closing the last trading session at $136.70, KODIAK SCIENCES LTD opened today at $137.60 and has reached a high of $147.89. Trade approach: A movement as big as 8.00% is a significantly bullish indicator, so this trade is designed to be profitable if KOD maintains its current direction and does not revert back to pricing on the bearish side of $147.63 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 KODIAK SCIENCES LTD closes at or above $146.30 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 51.42% 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.