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Quantchabot has detected a promising Bull Call Spread trade opportunity for BILL.COM HOLDINGS INC (BILL) for the 19-Mar-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

BILL was recently trading at $173.11 and has an implied volatility of 66.26% for this period. Based on an analysis of the options available for BILL expiring on 19-Mar-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $173.13-$216.97 at expiration. In this scenario, the average linear return for the trade would be 90.71%.

Big 23.76% Change: After closing the last trading session at $139.87, BILL.COM HOLDINGS INC opened today at $153.88 and has reached a high of $179.05.

Trade approach: A movement as big as 23.76% is a significantly bullish indicator, so this trade is designed to be profitable if BILL maintains its current direction and does not revert back to pricing on the bearish side of $173.11 on 19-Mar-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 BILL.COM HOLDINGS INC closes at or above $172.00 on 19-Mar-2021. Based on our risk-neutral analysis, there is a 51.16% 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.