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 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. BGNE was recently trading at $333.06 and has an implied volatility of 61.09% for this period. Based on an analysis of the options available for BGNE expiring on 19-Feb-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $333.10-$403.92 at expiration. In this scenario, the average linear return for the trade would be 50.43%. Big 7.39% Change: After closing the last trading session at $310.14, BEIGENE LTD. AMERICAN DEPOSITARY SHARES opened today at $319.15 and has reached a high of $335.70. Trade approach: A movement as big as 7.39% 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 $333.06 on 19-Feb-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 BEIGENE LTD. AMERICAN DEPOSITARY SHARES closes at or above $328.90 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 52.62% 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.