Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Short Risk Reversal trade opportunity for DISH NETWORK (DISH) for the 29-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. DISH was recently trading at $33.15 and has an implied volatility of 52.63% for this period. Based on an analysis of the options available for DISH expiring on 29-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $27.59-$33.15 at expiration. In this scenario, the average linear return for the trade would be 35.46%. Big -7.10% Change: After closing the last trading session at $35.68, DISH NETWORK opened today at $32.96 and has reached a low of $32.46. Trade approach: A movement as big as -7.10% is a significantly bearish indicator, so this trade is designed to be profitable if DISH maintains its current direction and does not revert back to pricing on the bullish side of $33.15 on 29-Jan-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 DISH NETWORK closes at or below $33.26 on 29-Jan-2021. Based on our risk-neutral analysis, there is a 50.71% 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.