Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for BEIGENE LTD. AMERICAN DEPOSITARY SHARES (BGNE) for the 17-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. BGNE was recently trading at $220.57 and has an implied volatility of 55.89% for this period. Based on an analysis of the options available for BGNE expiring on 17-Jul-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $220.57-$234.44 at expiration. In this scenario, the average linear return for the trade would be 28.36%. Big 12.52% Change: After closing the last trading session at $196.03, BEIGENE LTD. AMERICAN DEPOSITARY SHARES opened today at $205.51 and has reached a high of $223.53. Trade approach: A movement as big as 12.52% is a significantly bullish indicator, so this trade is designed to be profitable if BGNE maintains its current direction and does not revert back to pricing on the bearish side of $220.57 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 BEIGENE LTD. AMERICAN DEPOSITARY SHARES closes at or above $220.50 on 17-Jul-2020. Based on our risk-neutral analysis, there is a 50.22% 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.