Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Short Risk Reversal trade opportunity for GAMESTOP (GME) for the 20-Nov-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. GME was recently trading at $13.51 and has an implied volatility of 134.67% for this period. Based on an analysis of the options available for GME expiring on 20-Nov-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $9.48-$13.51 at expiration. In this scenario, the average linear return for the trade would be 69.83%. Big -9.93% Change: After closing the last trading session at $15.00, GAMESTOP opened today at $14.93 and has reached a low of $13.50. Trade approach: A movement as big as -9.93% is a significantly bearish indicator, so this trade is designed to be profitable if GME maintains its current direction and does not revert back to pricing on the bullish side of $13.51 on 20-Nov-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 GAMESTOP closes at or below $16.09 on 20-Nov-2020. Based on our risk-neutral analysis, there is a 68.88% 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.