Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for PAN AMERICAN SILVER (PAAS) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. PAAS was recently trading at $34.51 and has an implied volatility of 66.95% for this period. Based on an analysis of the options available for PAAS expiring on 16-Oct-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $34.47-$45.65 at expiration. In this scenario, the average linear return for the trade would be 97.50%. Big 7.04% Change: After closing the last trading session at $32.24, PAN AMERICAN SILVER opened today at $33.19 and has reached a high of $34.57. Trade approach: A movement as big as 7.04% is a significantly bullish indicator, so this trade is designed to be profitable if PAAS maintains its current direction and does not revert back to pricing on the bearish side of $34.51 on 16-Oct-2020. 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 PAN AMERICAN SILVER closes at or above $33.95 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 52.16% 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.