Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for CORNERSTONE BUILDING BRANDS INC (CNR) for the 18-Jun-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. CNR was recently trading at $15.00 and has an implied volatility of 56.48% for this period. Based on an analysis of the options available for CNR expiring on 18-Jun-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $15.00-$17.93 at expiration. In this scenario, the average linear return for the trade would be 35.14%. Big 11.03% Change: After closing the last trading session at $13.51, CORNERSTONE BUILDING BRANDS INC opened today at $14.80 and has reached a high of $15.24. Trade approach: A movement as big as 11.03% is a significantly bullish indicator, so this trade is designed to be profitable if CNR maintains its current direction and does not revert back to pricing on the bearish side of $15.00 on 18-Jun-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 CORNERSTONE BUILDING BRANDS INC closes at or above $14.35 on 18-Jun-2021. Based on our risk-neutral analysis, there is a 59.83% 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.