Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Long Risk Reversal trade opportunity for ROYAL CARIBBEAN CRUISES (RCL) for the 17-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. RCL was recently trading at $44.12 and has an implied volatility of 92.43% for this period. Based on an analysis of the options available for RCL expiring on 17-Jul-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $44.13-$63.66 at expiration. In this scenario, the average linear return for the trade would be 74.66%. Big 8.32% Change: After closing the last trading session at $40.73, ROYAL CARIBBEAN CRUISES opened today at $41.20 and has reached a high of $44.47. Trade approach: A movement as big as 8.32% is a significantly bullish indicator, so this trade is designed to be profitable if RCL maintains its current direction and does not revert back to pricing on the bearish side of $44.12 on 17-Jul-2020. 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 ROYAL CARIBBEAN CRUISES closes at or above $43.54 on 17-Jul-2020. Based on our risk-neutral analysis, there is a 51.46% 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.