Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Short Risk Reversal trade opportunity for HEALTHEQUITY INC. COMMON STOC (HQY) for the 20-Nov-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. HQY was recently trading at $50.99 and has an implied volatility of 60.23% for this period. Based on an analysis of the options available for HQY expiring on 20-Nov-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $39.15-$51.00 at expiration. In this scenario, the average linear return for the trade would be 55.53%. Big -7.61% Change: After closing the last trading session at $55.19, HEALTHEQUITY INC. COMMON STOC opened today at $55.25 and has reached a low of $50.41. Trade approach: A movement as big as -7.61% is a significantly bearish indicator, so this trade is designed to be profitable if HQY maintains its current direction and does not revert back to pricing on the bullish side of $50.99 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 HEALTHEQUITY INC. COMMON STOC closes at or below $52.75 on 20-Nov-2020. Based on our risk-neutral analysis, there is a 55.06% 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.