Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for ALTERYX INC (AYX) for the 17-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. AYX was recently trading at $139.80 and has an implied volatility of 60.83% for this period. Based on an analysis of the options available for AYX expiring on 17-Jul-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $139.84-$178.72 at expiration. In this scenario, the average linear return for the trade would be 74.97%. Big 8.41% Change: After closing the last trading session at $128.96, ALTERYX INC opened today at $135.56 and has reached a high of $140.35. Trade approach: A movement as big as 8.41% is a significantly bullish indicator, so this trade is designed to be profitable if AYX maintains its current direction and does not revert back to pricing on the bearish side of $139.80 on 17-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 ALTERYX INC closes at or above $138.30 on 17-Jul-2020. Based on our risk-neutral analysis, there is a 51.80% 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.