Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for NUANCE COMMUNICATIONS (NUAN) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. NUAN was recently trading at $53.25 and has an implied volatility of 38.86% for this period. Based on an analysis of the options available for NUAN expiring on 16-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $53.25-$55.56 at expiration. In this scenario, the average linear return for the trade would be 30.63%. Big 16.83% Change: After closing the last trading session at $45.58, NUANCE COMMUNICATIONS opened today at $0.00 and has reached a high of $0.00. Trade approach: A movement as big as 16.83% is a significantly bullish indicator, so this trade is designed to be profitable if NUAN maintains its current direction and does not revert back to pricing on the bearish side of $53.25 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 NUANCE COMMUNICATIONS closes at or above $53.25 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 50.01% 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.