Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Long Risk Reversal trade opportunity for FOX FACTORY HOLDING CORP. COMM (FOXF) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. FOXF was recently trading at $87.14 and has an implied volatility of 49.03% for this period. Based on an analysis of the options available for FOXF expiring on 15-Jan-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $87.16-$105.10 at expiration. In this scenario, the average linear return for the trade would be 18.59%. Big 7.28% Change: After closing the last trading session at $81.23, FOX FACTORY HOLDING CORP. COMM opened today at $82.22 and has reached a high of $87.15. Trade approach: A movement as big as 7.28% is a significantly bullish indicator, so this trade is designed to be profitable if FOXF maintains its current direction and does not revert back to pricing on the bearish side of $87.14 on 15-Jan-2021. 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 FOX FACTORY HOLDING CORP. COMM closes at or above $86.40 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 51.86% 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.