Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Long Risk Reversal trade opportunity for INDIE SEMICONDUCTOR INC. CLASS A COMMON STOCK (INDI) for the 19-Nov-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. INDI was recently trading at $10.98 and has an implied volatility of 67.77% for this period. Based on an analysis of the options available for INDI expiring on 19-Nov-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $10.98-$14.43 at expiration. In this scenario, the average linear return for the trade would be 72.90%. Big 8.82% Change: After closing the last trading session at $10.09, INDIE SEMICONDUCTOR INC. CLASS A COMMON STOCK opened today at $10.93 and has reached a high of $11.28. Trade approach: A movement as big as 8.82% is a significantly bullish indicator, so this trade is designed to be profitable if INDI maintains its current direction and does not revert back to pricing on the bearish side of $10.98 on 19-Nov-2021. 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 INDIE SEMICONDUCTOR INC. CLASS A COMMON STOCK closes at or above $10.80 on 19-Nov-2021. Based on our risk-neutral analysis, there is a 52.43% 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.