Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Short Risk Reversal trade opportunity for CRYOPORT INC. COMMON STOCK (CYRX) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. CYRX was recently trading at $51.77 and has an implied volatility of 84.52% for this period. Based on an analysis of the options available for CYRX expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $40.43-$51.78 at expiration. In this scenario, the average linear return for the trade would be 55.71%. Big -7.04% Change: After closing the last trading session at $55.69, CRYOPORT INC. COMMON STOCK opened today at $56.30 and has reached a low of $51.59. Trade approach: A movement as big as -7.04% is a significantly bearish indicator, so this trade is designed to be profitable if CYRX maintains its current direction and does not revert back to pricing on the bullish side of $51.77 on 16-Oct-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 CRYOPORT INC. COMMON STOCK closes at or below $53.20 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 54.37% 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.