Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Long Risk Reversal trade opportunity for APACHE (APA) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. APA was recently trading at $12.28 and has an implied volatility of 75.35% for this period. Based on an analysis of the options available for APA expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $12.28-$16.37 at expiration. In this scenario, the average linear return for the trade would be 77.82%. Big 7.31% Change: After closing the last trading session at $11.44, APACHE opened today at $11.67 and has reached a high of $12.31. Trade approach: A movement as big as 7.31% is a significantly bullish indicator, so this trade is designed to be profitable if APA maintains its current direction and does not revert back to pricing on the bearish side of $12.28 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 APACHE closes at or above $11.90 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 54.34% 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.