Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for SUNPOWER (SPWR) for the 23-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SPWR was recently trading at $18.64 and has an implied volatility of 95.16% for this period. Based on an analysis of the options available for SPWR expiring on 23-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $18.64-$20.68 at expiration. In this scenario, the average linear return for the trade would be 84.47%. Big 9.84% Change: After closing the last trading session at $16.97, SUNPOWER opened today at $17.28 and has reached a high of $18.64. Trade approach: A movement as big as 9.84% is a significantly bullish indicator, so this trade is designed to be profitable if SPWR maintains its current direction and does not revert back to pricing on the bearish side of $18.64 on 23-Oct-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 SUNPOWER closes at or above $18.52 on 23-Oct-2020. Based on our risk-neutral analysis, there is a 52.48% 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.