Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for ORTHO CLINICAL DIAGNOSTICS PLC ORDINARY SHARES (OCDX) for the 21-May-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. OCDX was recently trading at $18.23 and has an implied volatility of 64.70% for this period. Based on an analysis of the options available for OCDX expiring on 21-May-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $18.23-$23.87 at expiration. In this scenario, the average linear return for the trade would be 18.91%. Big 7.71% Change: After closing the last trading session at $16.92, ORTHO CLINICAL DIAGNOSTICS PLC ORDINARY SHARES opened today at $18.03 and has reached a high of $18.81. Trade approach: A movement as big as 7.71% is a significantly bullish indicator, so this trade is designed to be profitable if OCDX maintains its current direction and does not revert back to pricing on the bearish side of $18.23 on 21-May-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 ORTHO CLINICAL DIAGNOSTICS PLC ORDINARY SHARES closes at or above $18.10 on 21-May-2021. Based on our risk-neutral analysis, there is a 51.05% 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.