Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Call trade opportunity for QUOTIENT LIMITED ORDINARY SHAR (QTNT) for the 21-Jan-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. QTNT was recently trading at $2.59 and has an implied volatility of 156.99% for this period. Based on an analysis of the options available for QTNT expiring on 21-Jan-2022, there is a 34.14% likelihood that the underlying will close within the analyzed range of $2.59-$3.79 at expiration. In this scenario, the average linear return for the trade would be 11.11%. Big 7.02% Change: After closing the last trading session at $2.42, QUOTIENT LIMITED ORDINARY SHAR opened today at $2.46 and has reached a high of $2.60. Trade approach: A movement as big as 7.02% is a significantly bullish indicator, so this trade is designed to be profitable if QTNT maintains its current direction and does not revert back to pricing on the bearish side of $2.59 on 21-Jan-2022. 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 QUOTIENT LIMITED ORDINARY SHAR closes at or above $2.25 on 21-Jan-2022. Based on our risk-neutral analysis, there is a 64.46% 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.