Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Call trade opportunity for RECURSION PHARMACEUTICALS INC. CLASS A (RXRX) for the 16-Jul-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. RXRX was recently trading at $36.40 and has an implied volatility of 93.23% for this period. Based on an analysis of the options available for RXRX expiring on 16-Jul-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $36.40-$47.19 at expiration. In this scenario, the average linear return for the trade would be 10.81%. 52 week high: RECURSION PHARMACEUTICALS INC. CLASS A recently reached a new 52-week high at $37.71. RXRX had traded in the range $19.68-$35.78 over the past year. Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if RXRX maintains its current direction and does not revert back to pricing on the bearish side of $36.40 on 16-Jul-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 RECURSION PHARMACEUTICALS INC. CLASS A closes at or above $35.39 on 16-Jul-2021. Based on our risk-neutral analysis, there is a 54.31% 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.