Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Short Risk Reversal trade opportunity for MIRATI THERAPEUTICS INC. COMM (MRTX) for the 18-Jun-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. MRTX was recently trading at $135.54 and has an implied volatility of 61.11% for this period. Based on an analysis of the options available for MRTX expiring on 18-Jun-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $110.08-$135.55 at expiration. In this scenario, the average linear return for the trade would be 31.51%. Big -10.10% Change: After closing the last trading session at $150.77, MIRATI THERAPEUTICS INC. COMM opened today at $150.05 and has reached a low of $133.50. Trade approach: A movement as big as -10.10% is a significantly bearish indicator, so this trade is designed to be profitable if MRTX maintains its current direction and does not revert back to pricing on the bullish side of $135.54 on 18-Jun-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 MIRATI THERAPEUTICS INC. COMM closes at or below $136.90 on 18-Jun-2021. Based on our risk-neutral analysis, there is a 51.89% 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.