Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for ENDEAVOUR SILVER (EXK) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. EXK was recently trading at $5.96 and has an implied volatility of 180.64% for this period. Based on an analysis of the options available for EXK expiring on 19-Feb-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $5.96-$8.92 at expiration. In this scenario, the average linear return for the trade would be 132.41%. 52 week high: ENDEAVOUR SILVER recently reached a new 52-week high at $6.75. EXK had traded in the range $0.99-$5.85 over the past year. Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if EXK maintains its current direction and does not revert back to pricing on the bearish side of $5.96 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 ENDEAVOUR SILVER closes at or above $5.85 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 51.81% 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.