Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for QUIDEL (QDEL) for the 30-Jul-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. QDEL was recently trading at $125.14 and has an implied volatility of 53.47% for this period. Based on an analysis of the options available for QDEL expiring on 30-Jul-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $125.14-$139.11 at expiration. In this scenario, the average linear return for the trade would be 65.81%. Big 7.17% Change: After closing the last trading session at $116.77, QUIDEL opened today at $117.34 and has reached a high of $125.41. Trade approach: A movement as big as 7.17% is a significantly bullish indicator, so this trade is designed to be profitable if QDEL maintains its current direction and does not revert back to pricing on the bearish side of $125.14 on 30-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 QUIDEL closes at or above $124.60 on 30-Jul-2021. Based on our risk-neutral analysis, there is a 51.64% 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.