Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Short Risk Reversal trade opportunity for COMMUNITY HEALTH SYSTEMS (CYH) for the 17-Sep-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. CYH was recently trading at $12.87 and has an implied volatility of 63.76% for this period. Based on an analysis of the options available for CYH expiring on 17-Sep-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $10.16-$12.87 at expiration. In this scenario, the average linear return for the trade would be 50.07%. Big -10.06% Change: After closing the last trading session at $14.31, COMMUNITY HEALTH SYSTEMS opened today at $13.68 and has reached a low of $12.81. Trade approach: A movement as big as -10.06% is a significantly bearish indicator, so this trade is designed to be profitable if CYH maintains its current direction and does not revert back to pricing on the bullish side of $12.87 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 bearish strategy, the trade would be profitable if COMMUNITY HEALTH SYSTEMS closes at or below $13.10 on 17-Sep-2021. Based on our risk-neutral analysis, there is a 52.96% 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.