Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for MARATHON OIL (MRO) for the 12-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. MRO was recently trading at $8.65 and has an implied volatility of 66.99% for this period. Based on an analysis of the options available for MRO expiring on 12-Feb-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $8.66-$10.46 at expiration. In this scenario, the average linear return for the trade would be 77.18%. Big 7.65% Change: After closing the last trading session at $8.04, MARATHON OIL opened today at $8.19 and has reached a high of $8.83. Trade approach: A movement as big as 7.65% is a significantly bullish indicator, so this trade is designed to be profitable if MRO maintains its current direction and does not revert back to pricing on the bearish side of $8.65 on 12-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 MARATHON OIL closes at or above $8.54 on 12-Feb-2021. Based on our risk-neutral analysis, there is a 52.83% 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.