Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Long Risk Reversal trade opportunity for COPA HOLDINGS SA (CPA) for the 21-Jan-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. CPA was recently trading at $78.02 and has an implied volatility of 42.35% for this period. Based on an analysis of the options available for CPA expiring on 21-Jan-2022, there is a 34.14% likelihood that the underlying will close within the analyzed range of $78.03-$93.22 at expiration. In this scenario, the average linear return for the trade would be 12.44%. Big 8.69% Change: After closing the last trading session at $71.78, COPA HOLDINGS SA opened today at $79.63 and has reached a high of $81.18. Trade approach: A movement as big as 8.69% is a significantly bullish indicator, so this trade is designed to be profitable if CPA maintains its current direction and does not revert back to pricing on the bearish side of $78.02 on 21-Jan-2022. If possible, the trade has been padded such that slight movement against the trade would still return a profit. Upside potential: Using this bullish strategy, the trade would be profitable if COPA HOLDINGS SA closes at or above $77.60 on 21-Jan-2022. Based on our risk-neutral analysis, there is a 51.25% 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.