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Big Gainer Alert: Trading today’s 9.4% move in WORKHORSE GROUP INC. COMMON STOCK

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Quantchabot has detected a promising Bull Call Spread trade opportunity for WORKHORSE GROUP INC. COMMON STOCK (WKHS) for the 31-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

WKHS was recently trading at $16.34 and has an implied volatility of 159.76% for this period. Based on an analysis of the options available for WKHS expiring on 31-Jul-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $16.34-$21.63 at expiration. In this scenario, the average linear return for the trade would be 104.36%.

Big 9.44% Change: After closing the last trading session at $14.93, WORKHORSE GROUP INC. COMMON STOCK opened today at $14.50 and has reached a high of $16.77.

Trade approach: A movement as big as 9.44% is a significantly bullish indicator, so this trade is designed to be profitable if WKHS maintains its current direction and does not revert back to pricing on the bearish side of $16.34 on 31-Jul-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 WORKHORSE GROUP INC. COMMON STOCK closes at or above $15.95 on 31-Jul-2020. Based on our risk-neutral analysis, there is a 53.44% 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.

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