Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Call trade opportunity for BANCO SANTANDER BRASIL (BSBR) for the 17-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. BSBR was recently trading at $4.54 and has an implied volatility of 184.10% for this period. Based on an analysis of the options available for BSBR expiring on 17-Jul-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $4.55-$9.42 at expiration. In this scenario, the average linear return for the trade would be 11.49%. Big 7.45% Change: After closing the last trading session at $4.23, BANCO SANTANDER BRASIL opened today at $4.38 and has reached a high of $4.54. Trade approach: A movement as big as 7.45% is a significantly bullish indicator, so this trade is designed to be profitable if BSBR maintains its current direction and does not revert back to pricing on the bearish side of $4.54 on 17-Jul-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 BANCO SANTANDER BRASIL closes at or above $4.45 on 17-Jul-2020. Based on our risk-neutral analysis, there is a 51.17% 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.