Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for CARVANA CO (CVNA) for the 26-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. CVNA was recently trading at $257.08 and has an implied volatility of 94.91% for this period. Based on an analysis of the options available for CVNA expiring on 26-Feb-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $257.11-$336.47 at expiration. In this scenario, the average linear return for the trade would be 65.29%. Big 7.43% Change: After closing the last trading session at $239.31, CARVANA CO opened today at $246.61 and has reached a high of $260.13. Trade approach: A movement as big as 7.43% is a significantly bullish indicator, so this trade is designed to be profitable if CVNA maintains its current direction and does not revert back to pricing on the bearish side of $257.08 on 26-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 CARVANA CO closes at or above $256.25 on 26-Feb-2021. Based on our risk-neutral analysis, there is a 50.49% 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.