Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for MAXLINEAR (MXL) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. MXL was recently trading at $27.75 and has an implied volatility of 51.67% for this period. Based on an analysis of the options available for MXL expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $27.76-$35.05 at expiration. In this scenario, the average linear return for the trade would be 65.53%. Big 9.47% Change: After closing the last trading session at $25.35, MAXLINEAR opened today at $26.32 and has reached a high of $28.36. Trade approach: A movement as big as 9.47% is a significantly bullish indicator, so this trade is designed to be profitable if MXL maintains its current direction and does not revert back to pricing on the bearish side of $27.75 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 MAXLINEAR closes at or above $27.75 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 50.05% 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.