Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for EOG RESOURCES (EOG) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. EOG was recently trading at $54.90 and has an implied volatility of 50.48% for this period. Based on an analysis of the options available for EOG expiring on 19-Feb-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $54.90-$61.06 at expiration. In this scenario, the average linear return for the trade would be 64.03%. Big 7.09% Change: After closing the last trading session at $51.26, EOG RESOURCES opened today at $51.83 and has reached a high of $55.06. Trade approach: A movement as big as 7.09% is a significantly bullish indicator, so this trade is designed to be profitable if EOG maintains its current direction and does not revert back to pricing on the bearish side of $54.90 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 EOG RESOURCES closes at or above $54.78 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 50.80% 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.