Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for PARSLEY ENERGY INC (PE) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. PE was recently trading at $12.91 and has an implied volatility of 47.38% for this period. Based on an analysis of the options available for PE expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $12.86-$15.42 at expiration. In this scenario, the average linear return for the trade would be 41.88%. Big 7.07% Change: After closing the last trading session at $12.06, PARSLEY ENERGY INC opened today at $12.34 and has reached a high of $12.93. Trade approach: A movement as big as 7.07% is a significantly bullish indicator, so this trade is designed to be profitable if PE maintains its current direction and does not revert back to pricing on the bearish side of $12.91 on 15-Jan-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 PARSLEY ENERGY INC closes at or above $12.80 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 51.11% 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.