Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for FEDEX (FDX) for the 19-Jun-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. FDX was recently trading at $124.87 and has an implied volatility of 45.93% for this period. Based on an analysis of the options available for FDX expiring on 19-Jun-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $125.10-$153.47 at expiration. In this scenario, the average linear return for the trade would be 55.22%. Big 7.69% Change: After closing the last trading session at $115.95, FEDEX opened today at $123.00 and has reached a high of $124.99. Trade approach: A movement as big as 7.69% is a significantly bullish indicator, so this trade is designed to be profitable if FDX maintains its current direction and does not revert back to pricing on the bearish side of $124.87 on 19-Jun-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 FEDEX closes at or above $124.30 on 19-Jun-2020. Based on our risk-neutral analysis, there is a 51.25% 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.