Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Long Call trade opportunity for STEELCASE (SCS) for the 17-Jan-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SCS was recently trading at $22.64 and has an implied volatility of 18.56% for this period. Based on an analysis of the options available for SCS expiring on 17-Jan-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $22.53-$24.39 at expiration. In this scenario, the average linear return for the trade would be 40.54%. Big 18.66% Change: After closing the last trading session at $19.08, STEELCASE opened today at $21.40 and has reached a high of $22.78. Trade approach: A movement as big as 18.66% is a significantly bullish indicator, so this trade is designed to be profitable if SCS maintains its current direction and does not revert back to pricing on the bearish side of $22.64 on 17-Jan-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 STEELCASE closes at or above $22.40 on 17-Jan-2020. Based on our risk-neutral analysis, there is a 52.86% 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.