Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for MODERNA INC. COMMON STOCK (MRNA) for the 30-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. MRNA was recently trading at $167.93 and has an implied volatility of 68.64% for this period. Based on an analysis of the options available for MRNA expiring on 30-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $167.93-$187.34 at expiration. In this scenario, the average linear return for the trade would be 75.33%. Big 7.11% Change: After closing the last trading session at $156.78, MODERNA INC. COMMON STOCK opened today at $158.60 and has reached a high of $168.42. Trade approach: A movement as big as 7.11% is a significantly bullish indicator, so this trade is designed to be profitable if MRNA maintains its current direction and does not revert back to pricing on the bearish side of $167.93 on 30-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 MODERNA INC. COMMON STOCK closes at or above $167.65 on 30-Apr-2021. Based on our risk-neutral analysis, there is a 50.62% 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.