Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Long Risk Reversal trade opportunity for FABRINET (FN) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. FN was recently trading at $66.11 and has an implied volatility of 40.02% for this period. Based on an analysis of the options available for FN expiring on 15-Jan-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $66.13-$79.12 at expiration. In this scenario, the average linear return for the trade would be 23.74%. Big 8.06% Change: After closing the last trading session at $61.18, FABRINET opened today at $64.30 and has reached a high of $67.45. Trade approach: A movement as big as 8.06% is a significantly bullish indicator, so this trade is designed to be profitable if FN maintains its current direction and does not revert back to pricing on the bearish side of $66.11 on 15-Jan-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 FABRINET closes at or above $66.05 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 50.26% 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.