Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Long Risk Reversal trade opportunity for TILRAY INC. CLASS 2 COMMON STOCK (TLRY) for the 28-Aug-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. TLRY was recently trading at $7.94 and has an implied volatility of 137.96% for this period. Based on an analysis of the options available for TLRY expiring on 28-Aug-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $7.94-$13.19 at expiration. In this scenario, the average linear return for the trade would be 157.90%. Big 7.15% Change: After closing the last trading session at $7.41, TILRAY INC. CLASS 2 COMMON STOCK opened today at $7.63 and has reached a high of $7.94. Trade approach: A movement as big as 7.15% is a significantly bullish indicator, so this trade is designed to be profitable if TLRY maintains its current direction and does not revert back to pricing on the bearish side of $7.94 on 28-Aug-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 TILRAY INC. CLASS 2 COMMON STOCK closes at or above $7.07 on 28-Aug-2020. Based on our risk-neutral analysis, there is a 59.07% 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.