Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for FUBOTV (FUBO) for the 7-May-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. FUBO was recently trading at $21.15 and has an implied volatility of 106.68% for this period. Based on an analysis of the options available for FUBO expiring on 7-May-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $21.15-$26.33 at expiration. In this scenario, the average linear return for the trade would be 88.63%. Big 7.31% Change: After closing the last trading session at $19.71, FUBOTV opened today at $20.00 and has reached a high of $21.25. Trade approach: A movement as big as 7.31% is a significantly bullish indicator, so this trade is designed to be profitable if FUBO maintains its current direction and does not revert back to pricing on the bearish side of $21.15 on 7-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 FUBOTV closes at or above $21.01 on 7-May-2021. Based on our risk-neutral analysis, there is a 51.22% 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.