Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Long Risk Reversal trade opportunity for EXPRESS (EXPR) for the 27-Aug-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. EXPR was recently trading at $4.94 and has an implied volatility of 110.97% for this period. Based on an analysis of the options available for EXPR expiring on 27-Aug-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $4.94-$6.87 at expiration. In this scenario, the average linear return for the trade would be 65.38%. Big 8.50% Change: After closing the last trading session at $4.55, EXPRESS opened today at $4.52 and has reached a high of $5.05. Trade approach: A movement as big as 8.50% is a significantly bullish indicator, so this trade is designed to be profitable if EXPR maintains its current direction and does not revert back to pricing on the bearish side of $4.94 on 27-Aug-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 EXPRESS closes at or above $4.85 on 27-Aug-2021. Based on our risk-neutral analysis, there is a 52.15% 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.