Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for ULTRAGENYX PHARMACEUTICAL INC. (RARE) for the 16-Jul-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. RARE was recently trading at $101.60 and has an implied volatility of 55.16% for this period. Based on an analysis of the options available for RARE expiring on 16-Jul-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $101.61-$120.94 at expiration. In this scenario, the average linear return for the trade would be 23.97%. Big 7.65% Change: After closing the last trading session at $94.38, ULTRAGENYX PHARMACEUTICAL INC. opened today at $94.57 and has reached a high of $102.98. Trade approach: A movement as big as 7.65% is a significantly bullish indicator, so this trade is designed to be profitable if RARE maintains its current direction and does not revert back to pricing on the bearish side of $101.60 on 16-Jul-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 ULTRAGENYX PHARMACEUTICAL INC. closes at or above $101.40 on 16-Jul-2021. Based on our risk-neutral analysis, there is a 50.47% 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.