Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for WHEATON PRECIOUS METALS CORP (WPM) for the 5-Mar-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. WPM was recently trading at $40.58 and has an implied volatility of 62.14% for this period. Based on an analysis of the options available for WPM expiring on 5-Mar-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $40.58-$49.37 at expiration. In this scenario, the average linear return for the trade would be 27.05%. Big 8.79% Change: After closing the last trading session at $37.30, WHEATON PRECIOUS METALS CORP opened today at $39.59 and has reached a high of $41.36. Trade approach: A movement as big as 8.79% is a significantly bullish indicator, so this trade is designed to be profitable if WPM maintains its current direction and does not revert back to pricing on the bearish side of $40.58 on 5-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 WHEATON PRECIOUS METALS CORP closes at or above $40.58 on 5-Mar-2021. Based on our risk-neutral analysis, there is a 50.02% 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.