Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for HOLLYFRONTIER (HFC) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. HFC was recently trading at $26.13 and has an implied volatility of 59.64% for this period. Based on an analysis of the options available for HFC expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $26.13-$32.17 at expiration. In this scenario, the average linear return for the trade would be 74.10%. Big 8.06% Change: After closing the last trading session at $24.18, HOLLYFRONTIER opened today at $23.96 and has reached a high of $26.25. Trade approach: A movement as big as 8.06% is a significantly bullish indicator, so this trade is designed to be profitable if HFC maintains its current direction and does not revert back to pricing on the bearish side of $26.13 on 15-Jan-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 HOLLYFRONTIER closes at or above $26.10 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 50.26% 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.