Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for BEIGENE LTD. AMERICAN DEPOSITARY SHARES (BGNE) for the 15-Oct-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. BGNE was recently trading at $417.19 and has an implied volatility of 50.91% for this period. Based on an analysis of the options available for BGNE expiring on 15-Oct-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $417.22-$480.88 at expiration. In this scenario, the average linear return for the trade would be 72.71%. 52 week high: BEIGENE LTD. AMERICAN DEPOSITARY SHARES recently reached a new 52-week high at $426.56. BGNE had traded in the range $219.20-$388.97 over the past year. Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if BGNE maintains its current direction and does not revert back to pricing on the bearish side of $417.19 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 BEIGENE LTD. AMERICAN DEPOSITARY SHARES closes at or above $416.00 on 15-Oct-2021. Based on our risk-neutral analysis, there is a 50.83% 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.