Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for VARONIS SYSTEMS INC. COMMON S (VRNS) for the 19-Mar-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. VRNS was recently trading at $200.17 and has an implied volatility of 45.17% for this period. Based on an analysis of the options available for VRNS expiring on 19-Mar-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $200.19-$231.73 at expiration. In this scenario, the average linear return for the trade would be 37.29%. Big 9.28% Change: After closing the last trading session at $183.18, VARONIS SYSTEMS INC. COMMON S opened today at $194.26 and has reached a high of $203.99. Trade approach: A movement as big as 9.28% is a significantly bullish indicator, so this trade is designed to be profitable if VRNS maintains its current direction and does not revert back to pricing on the bearish side of $200.17 on 19-Mar-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 VARONIS SYSTEMS INC. COMMON S closes at or above $199.10 on 19-Mar-2021. Based on our risk-neutral analysis, there is a 51.50% 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.