Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Short Risk Reversal trade opportunity for BOEING (BA) for the 17-Apr-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. BA was recently trading at $150.62 and has an implied volatility of 209.06% for this period. Based on an analysis of the options available for BA expiring on 17-Apr-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $107.73-$150.69 at expiration. In this scenario, the average linear return for the trade would be 123.09%. Big -7.02% Change: After closing the last trading session at $162.00, BOEING opened today at $153.81 and has reached a low of $140.68. Trade approach: A movement as big as -7.02% is a significantly bearish indicator, so this trade is designed to be profitable if BA maintains its current direction and does not revert back to pricing on the bullish side of $150.62 on 17-Apr-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 BOEING closes at or below $167.74 on 17-Apr-2020. Based on our risk-neutral analysis, there is a 62.53% 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.