Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for WORKHORSE GROUP INC. COMMON STOCK (WKHS) for the 30-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. WKHS was recently trading at $13.06 and has an implied volatility of 97.72% for this period. Based on an analysis of the options available for WKHS expiring on 30-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $13.06-$15.85 at expiration. In this scenario, the average linear return for the trade would be 71.21%. Big 12.10% Change: After closing the last trading session at $11.65, WORKHORSE GROUP INC. COMMON STOCK opened today at $12.01 and has reached a high of $13.25. Trade approach: A movement as big as 12.10% is a significantly bullish indicator, so this trade is designed to be profitable if WKHS maintains its current direction and does not revert back to pricing on the bearish side of $13.06 on 30-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 WORKHORSE GROUP INC. COMMON STOCK closes at or above $13.05 on 30-Apr-2021. Based on our risk-neutral analysis, there is a 50.17% 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.