Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for CANAAN INC. ADR OVERVIEW (CAN) for the 19-Nov-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. CAN was recently trading at $9.04 and has an implied volatility of 123.32% for this period. Based on an analysis of the options available for CAN expiring on 19-Nov-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $9.04-$12.51 at expiration. In this scenario, the average linear return for the trade would be 96.49%. Big 10.92% Change: After closing the last trading session at $8.15, CANAAN INC. ADR OVERVIEW opened today at $8.39 and has reached a high of $9.27. Trade approach: A movement as big as 10.92% is a significantly bullish indicator, so this trade is designed to be profitable if CAN maintains its current direction and does not revert back to pricing on the bearish side of $9.04 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 CANAAN INC. ADR OVERVIEW closes at or above $8.68 on 19-Nov-2021. Based on our risk-neutral analysis, there is a 54.98% 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.