Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for COUER MINING INC (CDE) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. CDE was recently trading at $9.84 and has an implied volatility of 76.73% for this period. Based on an analysis of the options available for CDE expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $9.84-$12.28 at expiration. In this scenario, the average linear return for the trade would be 80.41%. Big 8.01% Change: After closing the last trading session at $9.11, COUER MINING INC opened today at $9.21 and has reached a high of $9.90. Trade approach: A movement as big as 8.01% is a significantly bullish indicator, so this trade is designed to be profitable if CDE maintains its current direction and does not revert back to pricing on the bearish side of $9.84 on 15-Jan-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 COUER MINING INC closes at or above $9.55 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 55.41% 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.