Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for INOVIO PHARMACEUTICALS INC. C (INO) for the 7-May-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. INO was recently trading at $9.91 and has an implied volatility of 135.69% for this period. Based on an analysis of the options available for INO expiring on 7-May-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $9.91-$13.87 at expiration. In this scenario, the average linear return for the trade would be 74.03%. Big 12.08% Change: After closing the last trading session at $8.84, INOVIO PHARMACEUTICALS INC. C opened today at $9.82 and has reached a high of $10.37. Trade approach: A movement as big as 12.08% is a significantly bullish indicator, so this trade is designed to be profitable if INO maintains its current direction and does not revert back to pricing on the bearish side of $9.91 on 7-May-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 INOVIO PHARMACEUTICALS INC. C closes at or above $9.89 on 7-May-2021. Based on our risk-neutral analysis, there is a 50.23% 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.