Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for BEIGENE LTD. AMERICAN DEPOSITARY SHARES (BGNE) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. BGNE was recently trading at $378.14 and has an implied volatility of 58.50% for this period. Based on an analysis of the options available for BGNE expiring on 19-Feb-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $378.17-$441.17 at expiration. In this scenario, the average linear return for the trade would be 48.25%. 52 week high: BEIGENE LTD. AMERICAN DEPOSITARY SHARES recently reached a new 52-week high at $382.20. BGNE had traded in the range $118.55-$371.37 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 BGNE maintains its current direction and does not revert back to pricing on the bearish side of $378.14 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 BEIGENE LTD. AMERICAN DEPOSITARY SHARES closes at or above $376.00 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 51.49% 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.