Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Short Risk Reversal trade opportunity for NCINO INC. COMMON STOCK (NCNO) for the 21-May-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. NCNO was recently trading at $53.00 and has an implied volatility of 58.26% for this period. Based on an analysis of the options available for NCNO expiring on 21-May-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $48.52-$53.00 at expiration. In this scenario, the average linear return for the trade would be 19.33%. 52 week low: NCINO INC. COMMON STOCK recently reached a new 52-week low at $51.46. NCNO had traded in the range $52.54-$103.95 over the past year. Trade approach: Reaching a new 52-week low is a bearish indicator, so this trade is designed to be profitable if NCNO maintains its current direction and does not revert back to pricing on the bullish side of $53.00 on 21-May-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 NCINO INC. COMMON STOCK closes at or below $53.20 on 21-May-2021. Based on our risk-neutral analysis, there is a 51.69% 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.