Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for UP FINTECH HOLDING LTD AMERICAN DEPOSITARY SHARE R (TIGR) for the 16-Jul-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. TIGR was recently trading at $27.55 and has an implied volatility of 98.55% for this period. Based on an analysis of the options available for TIGR expiring on 16-Jul-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $27.55-$37.44 at expiration. In this scenario, the average linear return for the trade would be 108.41%. Big 7.12% Change: After closing the last trading session at $25.72, UP FINTECH HOLDING LTD AMERICAN DEPOSITARY SHARE R opened today at $26.00 and has reached a high of $27.79. Trade approach: A movement as big as 7.12% is a significantly bullish indicator, so this trade is designed to be profitable if TIGR maintains its current direction and does not revert back to pricing on the bearish side of $27.55 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 UP FINTECH HOLDING LTD AMERICAN DEPOSITARY SHARE R closes at or above $27.20 on 16-Jul-2021. Based on our risk-neutral analysis, there is a 51.68% 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.