Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for PACIFIC BIOSCIENCES (PACB) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. PACB was recently trading at $10.60 and has an implied volatility of 79.23% for this period. Based on an analysis of the options available for PACB expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $10.60-$12.47 at expiration. In this scenario, the average linear return for the trade would be 34.12%. Big 7.40% Change: After closing the last trading session at $9.87, PACIFIC BIOSCIENCES opened today at $10.01 and has reached a high of $10.65. Trade approach: A movement as big as 7.40% is a significantly bullish indicator, so this trade is designed to be profitable if PACB maintains its current direction and does not revert back to pricing on the bearish side of $10.60 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 PACIFIC BIOSCIENCES closes at or above $10.45 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 53.51% 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.