Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Long Risk Reversal trade opportunity for SPIRE GLOBAL INC (SPIR) for the 17-Sep-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SPIR was recently trading at $12.94 and has an implied volatility of 239.24% for this period. Based on an analysis of the options available for SPIR expiring on 17-Sep-2021, there is a 34.31% likelihood that the underlying will close within the analyzed range of $12.94-$13.86 at expiration. In this scenario, the average linear return for the trade would be 10.65%. Big 13.41% Change: After closing the last trading session at $11.41, SPIRE GLOBAL INC opened today at $11.27 and has reached a high of $14.80. Trade approach: A movement as big as 13.41% is a significantly bullish indicator, so this trade is designed to be profitable if SPIR maintains its current direction and does not revert back to pricing on the bearish side of $12.94 on 17-Sep-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 SPIRE GLOBAL INC closes at or above $12.25 on 17-Sep-2021. Based on our risk-neutral analysis, there is a 78.99% 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.