Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Short Risk Reversal trade opportunity for PACIFIC BIOSCIENCES (PACB) for the 18-Dec-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. PACB was recently trading at $12.03 and has an implied volatility of 80.00% for this period. Based on an analysis of the options available for PACB expiring on 18-Dec-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $9.08-$12.03 at expiration. In this scenario, the average linear return for the trade would be 33.88%. Big -9.21% Change: After closing the last trading session at $13.25, PACIFIC BIOSCIENCES opened today at $11.77 and has reached a low of $11.22. Trade approach: A movement as big as -9.21% is a significantly bearish indicator, so this trade is designed to be profitable if PACB maintains its current direction and does not revert back to pricing on the bullish side of $12.03 on 18-Dec-2020. 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 PACIFIC BIOSCIENCES closes at or below $12.15 on 18-Dec-2020. Based on our risk-neutral analysis, there is a 51.38% 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.