Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Short Risk Reversal trade opportunity for IRHYTHM TECHNOLOGIES INC. COMMON STOCK (IRTC) for the 18-Jun-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. IRTC was recently trading at $74.37 and has an implied volatility of 70.13% for this period. Based on an analysis of the options available for IRTC expiring on 18-Jun-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $60.36-$74.38 at expiration. In this scenario, the average linear return for the trade would be 45.30%. Big -8.54% Change: After closing the last trading session at $81.31, IRHYTHM TECHNOLOGIES INC. COMMON STOCK opened today at $79.25 and has reached a low of $73.88. Trade approach: A movement as big as -8.54% is a significantly bearish indicator, so this trade is designed to be profitable if IRTC maintains its current direction and does not revert back to pricing on the bullish side of $74.37 on 18-Jun-2021. If possible, the trade has been padded such that slight movement against the trade would still return a profit. Upside potential: Using this bearish strategy, the trade would be profitable if IRHYTHM TECHNOLOGIES INC. COMMON STOCK closes at or below $75.35 on 18-Jun-2021. Based on our risk-neutral analysis, there is a 52.48% 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.