Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for UPWORK INC. COMMON STOCK (UPWK) for the 17-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. UPWK was recently trading at $16.46 and has an implied volatility of 87.20% for this period. Based on an analysis of the options available for UPWK expiring on 17-Jul-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $16.46-$18.77 at expiration. In this scenario, the average linear return for the trade would be 64.12%. Big 8.79% Change: After closing the last trading session at $15.13, UPWORK INC. COMMON STOCK opened today at $15.34 and has reached a high of $16.47. Trade approach: A movement as big as 8.79% is a significantly bullish indicator, so this trade is designed to be profitable if UPWK maintains its current direction and does not revert back to pricing on the bearish side of $16.46 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 UPWORK INC. COMMON STOCK closes at or above $16.35 on 17-Jul-2020. Based on our risk-neutral analysis, there is a 52.05% 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.