Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Long Call trade opportunity for UNITED STATES STEEL (X) for the 23-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. X was recently trading at $10.08 and has an implied volatility of 51.18% for this period. Based on an analysis of the options available for X expiring on 23-Oct-2020, there is a 34.17% likelihood that the underlying will close within the analyzed range of $10.08-$10.24 at expiration. In this scenario, the average linear return for the trade would be 44.52%. Big 7.67% Change: After closing the last trading session at $9.36, UNITED STATES STEEL opened today at $9.50 and has reached a high of $10.08. Trade approach: A movement as big as 7.67% is a significantly bullish indicator, so this trade is designed to be profitable if X maintains its current direction and does not revert back to pricing on the bearish side of $10.08 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 UNITED STATES STEEL closes at or above $9.95 on 23-Oct-2020. Based on our risk-neutral analysis, there is a 79.00% 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.