Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for TENCENT MUSIC ENTERTAINMENT GROUP (TME) for the 13-Aug-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. TME was recently trading at $13.22 and has an implied volatility of 51.69% for this period. Based on an analysis of the options available for TME expiring on 13-Aug-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $13.23-$15.39 at expiration. In this scenario, the average linear return for the trade would be 74.39%. Big 7.17% Change: After closing the last trading session at $12.34, TENCENT MUSIC ENTERTAINMENT GROUP opened today at $12.86 and has reached a high of $13.26. Trade approach: A movement as big as 7.17% is a significantly bullish indicator, so this trade is designed to be profitable if TME maintains its current direction and does not revert back to pricing on the bearish side of $13.22 on 13-Aug-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 TENCENT MUSIC ENTERTAINMENT GROUP closes at or above $13.06 on 13-Aug-2021. Based on our risk-neutral analysis, there is a 53.33% 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.