Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Long Risk Reversal trade opportunity for MIRATI THERAPEUTICS INC. COMM (MRTX) for the 15-Oct-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. MRTX was recently trading at $188.62 and has an implied volatility of 49.34% for this period. Based on an analysis of the options available for MRTX expiring on 15-Oct-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $188.63-$214.85 at expiration. In this scenario, the average linear return for the trade would be 19.33%. Big 8.37% Change: After closing the last trading session at $174.05, MIRATI THERAPEUTICS INC. COMM opened today at $172.11 and has reached a high of $189.50. Trade approach: A movement as big as 8.37% is a significantly bullish indicator, so this trade is designed to be profitable if MRTX maintains its current direction and does not revert back to pricing on the bearish side of $188.62 on 15-Oct-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 MIRATI THERAPEUTICS INC. COMM closes at or above $186.35 on 15-Oct-2021. Based on our risk-neutral analysis, there is a 53.72% 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.