Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Call trade opportunity for I-MAB AMERICAN DEPOSITARY SHARES (IMAB) for the 21-May-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. IMAB was recently trading at $63.46 and has an implied volatility of 78.78% for this period. Based on an analysis of the options available for IMAB expiring on 21-May-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $63.47-$79.05 at expiration. In this scenario, the average linear return for the trade would be 11.62%. Big 8.63% Change: After closing the last trading session at $58.42, I-MAB AMERICAN DEPOSITARY SHARES opened today at $56.94 and has reached a high of $64.89. Trade approach: A movement as big as 8.63% is a significantly bullish indicator, so this trade is designed to be profitable if IMAB maintains its current direction and does not revert back to pricing on the bearish side of $63.46 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 I-MAB AMERICAN DEPOSITARY SHARES closes at or above $62.67 on 21-May-2021. Based on our risk-neutral analysis, there is a 52.29% 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.