Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for CANOPY GROWTH CORP (CGC) for the 6-Nov-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. CGC was recently trading at $19.20 and has an implied volatility of 77.99% for this period. Based on an analysis of the options available for CGC expiring on 6-Nov-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $19.20-$22.86 at expiration. In this scenario, the average linear return for the trade would be 79.63%. Big 8.11% Change: After closing the last trading session at $17.76, CANOPY GROWTH CORP opened today at $17.88 and has reached a high of $19.26. Trade approach: A movement as big as 8.11% is a significantly bullish indicator, so this trade is designed to be profitable if CGC maintains its current direction and does not revert back to pricing on the bearish side of $19.20 on 6-Nov-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 CANOPY GROWTH CORP closes at or above $19.05 on 6-Nov-2020. Based on our risk-neutral analysis, there is a 51.81% 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.