Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Short Risk Reversal trade opportunity for TURQUOISE HILL RESOURCES (TRQ) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. TRQ was recently trading at $11.56 and has an implied volatility of 73.29% for this period. Based on an analysis of the options available for TRQ expiring on 19-Feb-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $9.09-$11.56 at expiration. In this scenario, the average linear return for the trade would be 45.92%. Big -20.17% Change: After closing the last trading session at $14.48, TURQUOISE HILL RESOURCES opened today at $13.59 and has reached a low of $10.75. Trade approach: A movement as big as -20.17% is a significantly bearish indicator, so this trade is designed to be profitable if TRQ maintains its current direction and does not revert back to pricing on the bullish side of $11.56 on 19-Feb-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 TURQUOISE HILL RESOURCES closes at or below $12.20 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 58.85% 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.