Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for ALCOA (AA) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. AA was recently trading at $30.53 and has an implied volatility of 69.76% for this period. Based on an analysis of the options available for AA expiring on 16-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $30.53-$38.93 at expiration. In this scenario, the average linear return for the trade would be 89.61%. Big 11.01% Change: After closing the last trading session at $27.50, ALCOA opened today at $28.90 and has reached a high of $30.69. Trade approach: A movement as big as 11.01% is a significantly bullish indicator, so this trade is designed to be profitable if AA maintains its current direction and does not revert back to pricing on the bearish side of $30.53 on 16-Apr-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 ALCOA closes at or above $30.49 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 50.22% 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.