Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for DIAMONDBACK ENERGY INC (FANG) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. FANG was recently trading at $81.10 and has an implied volatility of 55.33% for this period. Based on an analysis of the options available for FANG expiring on 16-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $81.10-$84.77 at expiration. In this scenario, the average linear return for the trade would be 28.43%. Big 7.05% Change: After closing the last trading session at $75.76, DIAMONDBACK ENERGY INC opened today at $76.87 and has reached a high of $81.29. Trade approach: A movement as big as 7.05% is a significantly bullish indicator, so this trade is designed to be profitable if FANG maintains its current direction and does not revert back to pricing on the bearish side of $81.10 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 DIAMONDBACK ENERGY INC closes at or above $81.05 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 50.56% 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.