Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Short Risk Reversal trade opportunity for 8 X 8 INC (EGHT) for the 17-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. EGHT was recently trading at $13.69 and has an implied volatility of 76.42% for this period. Based on an analysis of the options available for EGHT expiring on 17-Jul-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $9.94-$13.69 at expiration. In this scenario, the average linear return for the trade would be 47.51%. Big -8.92% Change: After closing the last trading session at $15.03, 8 X 8 INC opened today at $14.99 and has reached a low of $13.63. Trade approach: A movement as big as -8.92% is a significantly bearish indicator, so this trade is designed to be profitable if EGHT maintains its current direction and does not revert back to pricing on the bullish side of $13.69 on 17-Jul-2020. 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 8 X 8 INC closes at or below $14.25 on 17-Jul-2020. Based on our risk-neutral analysis, there is a 54.93% 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.