Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for MARATHON OIL (MRO) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. MRO was recently trading at $12.22 and has an implied volatility of 73.06% for this period. Based on an analysis of the options available for MRO expiring on 16-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $12.22-$16.07 at expiration. In this scenario, the average linear return for the trade would be 91.12%. Big 9.50% Change: After closing the last trading session at $11.16, MARATHON OIL opened today at $11.24 and has reached a high of $12.30. Trade approach: A movement as big as 9.50% is a significantly bullish indicator, so this trade is designed to be profitable if MRO maintains its current direction and does not revert back to pricing on the bearish side of $12.22 on 16-Apr-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 MARATHON OIL closes at or above $11.99 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 52.79% 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.