Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for BARCLAYS (BCS) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. BCS was recently trading at $7.65 and has an implied volatility of 47.69% for this period. Based on an analysis of the options available for BCS expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $7.65-$9.05 at expiration. In this scenario, the average linear return for the trade would be 57.37%. Big 7.44% Change: After closing the last trading session at $7.12, BARCLAYS opened today at $7.46 and has reached a high of $7.67. Trade approach: A movement as big as 7.44% is a significantly bullish indicator, so this trade is designed to be profitable if BCS maintains its current direction and does not revert back to pricing on the bearish side of $7.65 on 15-Jan-2021. 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 BARCLAYS closes at or above $7.60 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 51.60% 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.