Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for VIR BIOTECHNOLOGY INC. (VIR) for the 19-Mar-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. VIR was recently trading at $42.45 and has an implied volatility of 126.35% for this period. Based on an analysis of the options available for VIR expiring on 19-Mar-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $42.46-$70.35 at expiration. In this scenario, the average linear return for the trade would be 89.81%. Big 8.96% Change: After closing the last trading session at $38.96, VIR BIOTECHNOLOGY INC. opened today at $40.74 and has reached a high of $42.50. Trade approach: A movement as big as 8.96% is a significantly bullish indicator, so this trade is designed to be profitable if VIR maintains its current direction and does not revert back to pricing on the bearish side of $42.45 on 19-Mar-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 VIR BIOTECHNOLOGY INC. closes at or above $42.40 on 19-Mar-2021. Based on our risk-neutral analysis, there is a 50.11% 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.