Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Short Risk Reversal trade opportunity for CEREVEL THERAPEUTICS HOLDINGS INC (CERE) for the 16-Jul-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. CERE was recently trading at $26.61 and has an implied volatility of 165.54% for this period. Based on an analysis of the options available for CERE expiring on 16-Jul-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $18.74-$26.61 at expiration. In this scenario, the average linear return for the trade would be 69.02%. Big -10.37% Change: After closing the last trading session at $29.69, CEREVEL THERAPEUTICS HOLDINGS INC opened today at $26.77 and has reached a low of $24.80. Trade approach: A movement as big as -10.37% is a significantly bearish indicator, so this trade is designed to be profitable if CERE maintains its current direction and does not revert back to pricing on the bullish side of $26.61 on 16-Jul-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 CEREVEL THERAPEUTICS HOLDINGS INC closes at or below $28.90 on 16-Jul-2021. Based on our risk-neutral analysis, there is a 59.31% 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.