Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Short Risk Reversal trade opportunity for WESTERN MIDSTREAM PARTNERS LP (WES) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. WES was recently trading at $14.26 and has an implied volatility of 63.22% for this period. Based on an analysis of the options available for WES expiring on 19-Feb-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $10.87-$14.26 at expiration. In this scenario, the average linear return for the trade would be 55.81%. Big -7.34% Change: After closing the last trading session at $15.39, WESTERN MIDSTREAM PARTNERS LP opened today at $15.61 and has reached a low of $14.07. Trade approach: A movement as big as -7.34% is a significantly bearish indicator, so this trade is designed to be profitable if WES maintains its current direction and does not revert back to pricing on the bullish side of $14.26 on 19-Feb-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 WESTERN MIDSTREAM PARTNERS LP closes at or below $14.50 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 52.41% 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.