Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Long Risk Reversal trade opportunity for MINISO GROUP HOLDING LTD (MNSO) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. MNSO was recently trading at $21.88 and has an implied volatility of 77.04% for this period. Based on an analysis of the options available for MNSO expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $21.88-$28.44 at expiration. In this scenario, the average linear return for the trade would be 46.40%. Big 9.73% Change: After closing the last trading session at $19.94, MINISO GROUP HOLDING LTD opened today at $20.17 and has reached a high of $22.08. Trade approach: A movement as big as 9.73% is a significantly bullish indicator, so this trade is designed to be profitable if MNSO maintains its current direction and does not revert back to pricing on the bearish side of $21.88 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 MINISO GROUP HOLDING LTD closes at or above $21.80 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 50.58% 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.