Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for BLUEPRINT MEDICINES CORPORATION COMMON STOCK (BPMC) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. BPMC was recently trading at $91.90 and has an implied volatility of 56.58% for this period. Based on an analysis of the options available for BPMC expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $91.91-$103.97 at expiration. In this scenario, the average linear return for the trade would be 10.92%. 52 week high: BLUEPRINT MEDICINES CORPORATION COMMON STOCK recently reached a new 52-week high at $92.25. BPMC had traded in the range $43.29-$91.82 over the past year. Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if BPMC maintains its current direction and does not revert back to pricing on the bearish side of $91.90 on 16-Oct-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 BLUEPRINT MEDICINES CORPORATION COMMON STOCK closes at or above $91.10 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 52.85% 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.