Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for NCINO INC. COMMON STOCK (NCNO) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. NCNO was recently trading at $86.20 and has an implied volatility of 58.35% for this period. Based on an analysis of the options available for NCNO expiring on 19-Feb-2021, there is a 34.15% likelihood that the underlying will close within the analyzed range of $86.20-$91.12 at expiration. In this scenario, the average linear return for the trade would be 50.25%. Big 7.66% Change: After closing the last trading session at $80.07, NCINO INC. COMMON STOCK opened today at $81.44 and has reached a high of $86.48. Trade approach: A movement as big as 7.66% is a significantly bullish indicator, so this trade is designed to be profitable if NCNO maintains its current direction and does not revert back to pricing on the bearish side of $86.20 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 NCINO INC. COMMON STOCK closes at or above $85.55 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 55.43% 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.