Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for ELDORADO GOLD (EGO) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. EGO was recently trading at $13.89 and has an implied volatility of 49.51% for this period. Based on an analysis of the options available for EGO expiring on 16-Oct-2020, there is a 34.18% likelihood that the underlying will close within the analyzed range of $13.89-$14.32 at expiration. In this scenario, the average linear return for the trade would be 22.75%. 52 week high: ELDORADO GOLD recently reached a new 52-week high at $13.90. EGO had traded in the range $4.60-$13.31 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 EGO maintains its current direction and does not revert back to pricing on the bearish side of $13.89 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 ELDORADO GOLD closes at or above $13.80 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 58.53% 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.