Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for APPFOLIO INC. CLASS A COMMON STOCK (APPF) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. APPF was recently trading at $156.98 and has an implied volatility of 49.52% for this period. Based on an analysis of the options available for APPF expiring on 16-Oct-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $157.03-$196.06 at expiration. In this scenario, the average linear return for the trade would be 43.14%. Big 7.94% Change: After closing the last trading session at $145.43, APPFOLIO INC. CLASS A COMMON STOCK opened today at $146.85 and has reached a high of $158.97. Trade approach: A movement as big as 7.94% is a significantly bullish indicator, so this trade is designed to be profitable if APPF maintains its current direction and does not revert back to pricing on the bearish side of $156.98 on 16-Oct-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 APPFOLIO INC. CLASS A COMMON STOCK closes at or above $155.20 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 52.10% 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.