Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Long Risk Reversal trade opportunity for UNDER ARMOUR (UAA) for the 16-Jul-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. UAA was recently trading at $25.86 and has an implied volatility of 38.93% for this period. Based on an analysis of the options available for UAA expiring on 16-Jul-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $25.86-$30.76 at expiration. In this scenario, the average linear return for the trade would be 46.50%. Big 8.27% Change: After closing the last trading session at $23.88, UNDER ARMOUR opened today at $25.23 and has reached a high of $26.18. Trade approach: A movement as big as 8.27% is a significantly bullish indicator, so this trade is designed to be profitable if UAA maintains its current direction and does not revert back to pricing on the bearish side of $25.86 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 bullish strategy, the trade would be profitable if UNDER ARMOUR closes at or above $25.52 on 16-Jul-2021. Based on our risk-neutral analysis, there is a 53.05% 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.