Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Short Risk Reversal trade opportunity for NATIONAL BEVERAGE (FIZZ) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. FIZZ was recently trading at $111.19 and has an implied volatility of 96.63% for this period. Based on an analysis of the options available for FIZZ expiring on 19-Feb-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $91.22-$111.20 at expiration. In this scenario, the average linear return for the trade would be 37.49%. Big -8.87% Change: After closing the last trading session at $122.01, NATIONAL BEVERAGE opened today at $123.44 and has reached a low of $110.50. Trade approach: A movement as big as -8.87% is a significantly bearish indicator, so this trade is designed to be profitable if FIZZ maintains its current direction and does not revert back to pricing on the bullish side of $111.19 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 NATIONAL BEVERAGE closes at or below $112.05 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 51.54% 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.