Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for ANAVEX LIFE SCIENCES CORP. COMMON STOCK (AVXL) for the 20-Nov-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. AVXL was recently trading at $5.43 and has an implied volatility of 111.86% for this period. Based on an analysis of the options available for AVXL expiring on 20-Nov-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $5.43-$7.58 at expiration. In this scenario, the average linear return for the trade would be 37.40%. Big 12.19% Change: After closing the last trading session at $4.84, ANAVEX LIFE SCIENCES CORP. COMMON STOCK opened today at $4.93 and has reached a high of $5.45. Trade approach: A movement as big as 12.19% is a significantly bullish indicator, so this trade is designed to be profitable if AVXL maintains its current direction and does not revert back to pricing on the bearish side of $5.43 on 20-Nov-2020. 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 ANAVEX LIFE SCIENCES CORP. COMMON STOCK closes at or above $5.30 on 20-Nov-2020. Based on our risk-neutral analysis, there is a 52.92% 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.