Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Short Risk Reversal trade opportunity for DIGITAL TURBINE INC (APPS) for the 21-Jan-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. APPS was recently trading at $75.58 and has an implied volatility of 65.14% for this period. Based on an analysis of the options available for APPS expiring on 21-Jan-2022, there is a 34.14% likelihood that the underlying will close within the analyzed range of $55.80-$75.59 at expiration. In this scenario, the average linear return for the trade would be 72.88%. Big -15.93% Change: After closing the last trading session at $89.90, DIGITAL TURBINE INC opened today at $83.80 and has reached a low of $74.07. Trade approach: A movement as big as -15.93% is a significantly bearish indicator, so this trade is designed to be profitable if APPS maintains its current direction and does not revert back to pricing on the bullish side of $75.58 on 21-Jan-2022. 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 DIGITAL TURBINE INC closes at or below $77.70 on 21-Jan-2022. Based on our risk-neutral analysis, there is a 53.61% 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.