Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for KIRKLAND’S (KIRK) for the 20-Nov-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. KIRK was recently trading at $11.34 and has an implied volatility of 115.56% for this period. Based on an analysis of the options available for KIRK expiring on 20-Nov-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $11.34-$15.74 at expiration. In this scenario, the average linear return for the trade would be 83.20%. Big 7.79% Change: After closing the last trading session at $10.52, KIRKLAND’S opened today at $10.54 and has reached a high of $11.58. Trade approach: A movement as big as 7.79% is a significantly bullish indicator, so this trade is designed to be profitable if KIRK maintains its current direction and does not revert back to pricing on the bearish side of $11.34 on 20-Nov-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 KIRKLAND’S closes at or above $11.25 on 20-Nov-2020. Based on our risk-neutral analysis, there is a 50.98% 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.