Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for BIONANO GENOMICS INC. COMMON STOCK (BNGO) for the 21-May-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. BNGO was recently trading at $6.68 and has an implied volatility of 122.85% for this period. Based on an analysis of the options available for BNGO expiring on 21-May-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $6.68-$9.23 at expiration. In this scenario, the average linear return for the trade would be 102.24%. Big 8.44% Change: After closing the last trading session at $6.16, BIONANO GENOMICS INC. COMMON STOCK opened today at $6.36 and has reached a high of $6.68. Trade approach: A movement as big as 8.44% is a significantly bullish indicator, so this trade is designed to be profitable if BNGO maintains its current direction and does not revert back to pricing on the bearish side of $6.68 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 BIONANO GENOMICS INC. COMMON STOCK closes at or above $6.48 on 21-May-2021. Based on our risk-neutral analysis, there is a 53.75% 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.