Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Short Risk Reversal trade opportunity for WHITING PETROLEUM (WLL) for the 21-Feb-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. WLL was recently trading at $6.77 and has an implied volatility of 91.31% for this period. Based on an analysis of the options available for WLL expiring on 21-Feb-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $5.02-$6.78 at expiration. In this scenario, the average linear return for the trade would be 63.16%. Big -9.19% Change: After closing the last trading session at $7.45, WHITING PETROLEUM opened today at $7.40 and has reached a low of $6.75. Trade approach: A movement as big as -9.19% is a significantly bearish indicator, so this trade is designed to be profitable if WLL maintains its current direction and does not revert back to pricing on the bullish side of $6.77 on 21-Feb-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 WHITING PETROLEUM closes at or below $6.87 on 21-Feb-2020. Based on our risk-neutral analysis, there is a 51.78% 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.