Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for 23ANDME HOLDING CO. CLASS A COMMON STOCK (ME) for the 15-Oct-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. ME was recently trading at $8.67 and has an implied volatility of 77.63% for this period. Based on an analysis of the options available for ME expiring on 15-Oct-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $8.67-$11.08 at expiration. In this scenario, the average linear return for the trade would be 85.69%. Big 7.97% Change: After closing the last trading session at $8.03, 23ANDME HOLDING CO. CLASS A COMMON STOCK opened today at $8.17 and has reached a high of $8.67. Trade approach: A movement as big as 7.97% is a significantly bullish indicator, so this trade is designed to be profitable if ME maintains its current direction and does not revert back to pricing on the bearish side of $8.67 on 15-Oct-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 23ANDME HOLDING CO. CLASS A COMMON STOCK closes at or above $8.60 on 15-Oct-2021. Based on our risk-neutral analysis, there is a 51.33% 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.