Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for HYRECAR INC. COMMON STOCK (HYRE) for the 16-Jul-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. HYRE was recently trading at $17.11 and has an implied volatility of 86.35% for this period. Based on an analysis of the options available for HYRE expiring on 16-Jul-2021, there is a 34.28% likelihood that the underlying will close within the analyzed range of $17.11-$17.58 at expiration. In this scenario, the average linear return for the trade would be 10.43%. Big 7.07% Change: After closing the last trading session at $15.98, HYRECAR INC. COMMON STOCK opened today at $16.10 and has reached a high of $17.91. Trade approach: A movement as big as 7.07% is a significantly bullish indicator, so this trade is designed to be profitable if HYRE maintains its current direction and does not revert back to pricing on the bearish side of $17.11 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 HYRECAR INC. COMMON STOCK closes at or above $17.10 on 16-Jul-2021. Based on our risk-neutral analysis, there is a 50.87% 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.