Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for MAGNITE INC. COMMON STOCK (MGNI) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. MGNI was recently trading at $39.08 and has an implied volatility of 100.53% for this period. Based on an analysis of the options available for MGNI expiring on 19-Feb-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $39.08-$51.71 at expiration. In this scenario, the average linear return for the trade would be 83.31%. Big 7.72% Change: After closing the last trading session at $36.28, MAGNITE INC. COMMON STOCK opened today at $35.66 and has reached a high of $39.82. Trade approach: A movement as big as 7.72% is a significantly bullish indicator, so this trade is designed to be profitable if MGNI maintains its current direction and does not revert back to pricing on the bearish side of $39.08 on 19-Feb-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 MAGNITE INC. COMMON STOCK closes at or above $37.70 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 55.12% 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.