Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for TATA MOTORS (TTM) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. TTM was recently trading at $11.88 and has an implied volatility of 49.04% for this period. Based on an analysis of the options available for TTM expiring on 15-Jan-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $11.88-$14.45 at expiration. In this scenario, the average linear return for the trade would be 65.91%. Big 8.94% Change: After closing the last trading session at $10.90, TATA MOTORS opened today at $11.49 and has reached a high of $11.90. Trade approach: A movement as big as 8.94% is a significantly bullish indicator, so this trade is designed to be profitable if TTM maintains its current direction and does not revert back to pricing on the bearish side of $11.88 on 15-Jan-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 TATA MOTORS closes at or above $11.60 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 54.80% 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.