Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for VIRGIN GALACTIC HOLDINGS INC (SPCE) for the 6-Nov-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SPCE was recently trading at $19.97 and has an implied volatility of 96.77% for this period. Based on an analysis of the options available for SPCE expiring on 6-Nov-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $19.97-$27.45 at expiration. In this scenario, the average linear return for the trade would be 110.96%. Big 21.55% Change: After closing the last trading session at $16.43, VIRGIN GALACTIC HOLDINGS INC opened today at $18.29 and has reached a high of $20.27. Trade approach: A movement as big as 21.55% is a significantly bullish indicator, so this trade is designed to be profitable if SPCE maintains its current direction and does not revert back to pricing on the bearish side of $19.97 on 6-Nov-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 VIRGIN GALACTIC HOLDINGS INC closes at or above $19.90 on 6-Nov-2020. Based on our risk-neutral analysis, there is a 50.46% 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.