Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for CEREVEL THERAPEUTICS HOLDINGS INC (CERE) for the 16-Jul-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. CERE was recently trading at $27.70 and has an implied volatility of 146.87% for this period. Based on an analysis of the options available for CERE expiring on 16-Jul-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $27.70-$37.42 at expiration. In this scenario, the average linear return for the trade would be 96.98%. Big 8.12% Change: After closing the last trading session at $25.62, CEREVEL THERAPEUTICS HOLDINGS INC opened today at $26.53 and has reached a high of $28.95. Trade approach: A movement as big as 8.12% is a significantly bullish indicator, so this trade is designed to be profitable if CERE maintains its current direction and does not revert back to pricing on the bearish side of $27.70 on 16-Jul-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 CEREVEL THERAPEUTICS HOLDINGS INC closes at or above $27.35 on 16-Jul-2021. Based on our risk-neutral analysis, there is a 51.69% 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.