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Quantchabot has detected a promising Bull Call Spread trade opportunity for NANO-X IMAGING LTD ORDINARY SHARES (NNOX) for the 12-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

NNOX was recently trading at $70.16 and has an implied volatility of 124.40% for this period. Based on an analysis of the options available for NNOX expiring on 12-Feb-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $70.16-$83.58 at expiration. In this scenario, the average linear return for the trade would be 65.59%.

Big 7.33% Change: After closing the last trading session at $65.37, NANO-X IMAGING LTD ORDINARY SHARES opened today at $66.50 and has reached a high of $72.50.

Trade approach: A movement as big as 7.33% is a significantly bullish indicator, so this trade is designed to be profitable if NNOX maintains its current direction and does not revert back to pricing on the bearish side of $70.16 on 12-Feb-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 NANO-X IMAGING LTD ORDINARY SHARES closes at or above $69.90 on 12-Feb-2021. Based on our risk-neutral analysis, there is a 50.85% 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.