Quantchabot has detected a new Bull Call Spread trade opportunity for NEW GOLD (NGD) for the 16-Jan-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
NGD was recently trading at $8.60 and has an implied volatility of 55.60% for this period. Based on an analysis of the options available for NGD expiring on 16-Jan-2026, there is a 34.20% likelihood that the underlying will close within the analyzed range of $8.63-$10.30 at expiration. In this scenario, the average linear return for the trade would be 11.16%.
Big 9.83% Change: After closing the last trading session at $7.83, NEW GOLD opened today at $7.85 and has reached a high of $8.62.
Trade approach: A movement as big as 9.83% is a significantly bullish indicator, so this trade is designed to be profitable if NGD maintains its current direction and does not revert back to pricing on the bearish side of $8.60 on 16-Jan-2026. 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 NEW GOLD closes at or above $8.25 on 16-Jan-2026. Based on our risk-neutral analysis, there is a 60.19% 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.
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