Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Long Risk Reversal trade opportunity for AGENUS (AGEN) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. AGEN was recently trading at $5.10 and has an implied volatility of 93.37% for this period. Based on an analysis of the options available for AGEN expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $5.10-$6.82 at expiration. In this scenario, the average linear return for the trade would be 19.95%. 52 week high: AGENUS recently reached a new 52-week high at $5.63. AGEN had traded in the range $1.82-$4.79 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 AGEN maintains its current direction and does not revert back to pricing on the bearish side of $5.10 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 AGENUS closes at or above $4.90 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 55.45% 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.