Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Long Risk Reversal trade opportunity for CHANNELADVISOR CORPORATION (ECOM) for the 17-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. ECOM was recently trading at $13.44 and has an implied volatility of 66.72% for this period. Based on an analysis of the options available for ECOM expiring on 17-Jul-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $13.44-$17.51 at expiration. In this scenario, the average linear return for the trade would be 55.84%. 52 week high: CHANNELADVISOR CORPORATION recently reached a new 52-week high at $13.74. ECOM had traded in the range $4.39-$13.17 over the past year. Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if ECOM maintains its current direction and does not revert back to pricing on the bearish side of $13.44 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 CHANNELADVISOR CORPORATION closes at or above $13.00 on 17-Jul-2020. Based on our risk-neutral analysis, there is a 55.05% 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.