Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for ROYAL BANK OF SCOTLAND (RBS) for the 17-Jan-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. RBS was recently trading at $6.86 and has an implied volatility of 33.07% for this period. Based on an analysis of the options available for RBS expiring on 17-Jan-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $6.87-$7.65 at expiration. In this scenario, the average linear return for the trade would be 15.91%. Big 11.28% Change: After closing the last trading session at $6.16, ROYAL BANK OF SCOTLAND opened today at $6.86 and has reached a high of $6.88. Trade approach: A movement as big as 11.28% is a significantly bullish indicator, so this trade is designed to be profitable if RBS maintains its current direction and does not revert back to pricing on the bearish side of $6.86 on 17-Jan-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 ROYAL BANK OF SCOTLAND closes at or above $6.85 on 17-Jan-2020. Based on our risk-neutral analysis, there is a 50.90% 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.