Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for PROTHENA CORPORATION PLC ORDIN (PRTA) for the 21-Jan-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. PRTA was recently trading at $58.47 and has an implied volatility of 86.54% for this period. Based on an analysis of the options available for PRTA expiring on 21-Jan-2022, there is a 34.14% likelihood that the underlying will close within the analyzed range of $58.48-$83.86 at expiration. In this scenario, the average linear return for the trade would be 45.97%. Big 7.11% Change: After closing the last trading session at $54.59, PROTHENA CORPORATION PLC ORDIN opened today at $55.00 and has reached a high of $59.18. Trade approach: A movement as big as 7.11% is a significantly bullish indicator, so this trade is designed to be profitable if PRTA maintains its current direction and does not revert back to pricing on the bearish side of $58.47 on 21-Jan-2022. 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 PROTHENA CORPORATION PLC ORDIN closes at or above $56.80 on 21-Jan-2022. Based on our risk-neutral analysis, there is a 53.22% 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.