Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for RIOT BLOCKCHAIN INC. COMMON STOCK (RIOT) for the 19-Nov-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. RIOT was recently trading at $36.53 and has an implied volatility of 60.57% for this period. Based on an analysis of the options available for RIOT expiring on 19-Nov-2021, there is a 34.47% likelihood that the underlying will close within the analyzed range of $36.53-$37.11 at expiration. In this scenario, the average linear return for the trade would be 54.34%. Big 8.62% Change: After closing the last trading session at $33.63, RIOT BLOCKCHAIN INC. COMMON STOCK opened today at $34.04 and has reached a high of $36.64. Trade approach: A movement as big as 8.62% is a significantly bullish indicator, so this trade is designed to be profitable if RIOT maintains its current direction and does not revert back to pricing on the bearish side of $36.53 on 19-Nov-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 RIOT BLOCKCHAIN INC. COMMON STOCK closes at or above $36.51 on 19-Nov-2021. Based on our risk-neutral analysis, there is a 51.40% 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.