Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Call trade opportunity for RECURSION PHARMACEUTICALS INC. CLASS A (RXRX) for the 15-Oct-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. RXRX was recently trading at $21.70 and has an implied volatility of 112.49% for this period. Based on an analysis of the options available for RXRX expiring on 15-Oct-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $21.70-$33.35 at expiration. In this scenario, the average linear return for the trade would be 16.73%. Big 9.29% Change: After closing the last trading session at $19.85, RECURSION PHARMACEUTICALS INC. CLASS A opened today at $20.33 and has reached a high of $21.70. Trade approach: A movement as big as 9.29% is a significantly bullish indicator, so this trade is designed to be profitable if RXRX maintains its current direction and does not revert back to pricing on the bearish side of $21.70 on 15-Oct-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 RECURSION PHARMACEUTICALS INC. CLASS A closes at or above $20.85 on 15-Oct-2021. Based on our risk-neutral analysis, there is a 53.69% 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.