Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for ING GROEP (ING) for the 17-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. ING was recently trading at $6.18 and has an implied volatility of 55.33% for this period. Based on an analysis of the options available for ING expiring on 17-Jul-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $6.19-$7.63 at expiration. In this scenario, the average linear return for the trade would be 18.08%. Big 9.08% Change: After closing the last trading session at $5.67, ING GROEP opened today at $6.08 and has reached a high of $6.27. Trade approach: A movement as big as 9.08% is a significantly bullish indicator, so this trade is designed to be profitable if ING maintains its current direction and does not revert back to pricing on the bearish side of $6.18 on 17-Jul-2020. 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 ING GROEP closes at or above $6.15 on 17-Jul-2020. Based on our risk-neutral analysis, there is a 51.12% 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.