Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for SILVERGATE CAPITAL CORP (SI) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SI was recently trading at $175.50 and has an implied volatility of 82.12% for this period. Based on an analysis of the options available for SI expiring on 16-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $175.50-$191.80 at expiration. In this scenario, the average linear return for the trade would be 96.44%. Big 7.54% Change: After closing the last trading session at $163.20, SILVERGATE CAPITAL CORP opened today at $168.35 and has reached a high of $178.96. Trade approach: A movement as big as 7.54% is a significantly bullish indicator, so this trade is designed to be profitable if SI maintains its current direction and does not revert back to pricing on the bearish side of $175.50 on 16-Apr-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 SILVERGATE CAPITAL CORP closes at or above $174.70 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 52.06% 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.