Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for APELLIS PHARMACEUTICALS INC. COMMON STOCK (APLS) for the 15-Oct-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. APLS was recently trading at $34.00 and has an implied volatility of 63.97% for this period. Based on an analysis of the options available for APLS expiring on 15-Oct-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $34.00-$39.25 at expiration. In this scenario, the average linear return for the trade would be 47.79%. Big 8.28% Change: After closing the last trading session at $31.40, APELLIS PHARMACEUTICALS INC. COMMON STOCK opened today at $31.25 and has reached a high of $34.12. Trade approach: A movement as big as 8.28% is a significantly bullish indicator, so this trade is designed to be profitable if APLS maintains its current direction and does not revert back to pricing on the bearish side of $34.00 on 15-Oct-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 APELLIS PHARMACEUTICALS INC. COMMON STOCK closes at or above $33.30 on 15-Oct-2021. Based on our risk-neutral analysis, there is a 55.78% 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.