Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for DEVON ENERGY (DVN) for the 30-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. DVN was recently trading at $23.93 and has an implied volatility of 46.11% for this period. Based on an analysis of the options available for DVN expiring on 30-Apr-2021, there is a 34.15% likelihood that the underlying will close within the analyzed range of $23.93-$24.82 at expiration. In this scenario, the average linear return for the trade would be 50.24%. Big 8.06% Change: After closing the last trading session at $22.14, DEVON ENERGY opened today at $22.64 and has reached a high of $23.96. Trade approach: A movement as big as 8.06% is a significantly bullish indicator, so this trade is designed to be profitable if DVN maintains its current direction and does not revert back to pricing on the bearish side of $23.93 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 DEVON ENERGY closes at or above $23.83 on 30-Apr-2021. Based on our risk-neutral analysis, there is a 54.34% 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.