Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Short Risk Reversal trade opportunity for SERES THERAPEUTICS INC. COMMON STOCK (MCRB) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. MCRB was recently trading at $24.13 and has an implied volatility of 109.83% for this period. Based on an analysis of the options available for MCRB expiring on 19-Feb-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $16.05-$24.13 at expiration. In this scenario, the average linear return for the trade would be 76.43%. Big -8.08% Change: After closing the last trading session at $26.25, SERES THERAPEUTICS INC. COMMON STOCK opened today at $26.30 and has reached a low of $23.76. Trade approach: A movement as big as -8.08% is a significantly bearish indicator, so this trade is designed to be profitable if MCRB maintains its current direction and does not revert back to pricing on the bullish side of $24.13 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 SERES THERAPEUTICS INC. COMMON STOCK closes at or below $25.15 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 54.02% 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.