Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Long Risk Reversal trade opportunity for PARSLEY ENERGY INC (PE) for the 21-Aug-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. PE was recently trading at $10.43 and has an implied volatility of 78.53% for this period. Based on an analysis of the options available for PE expiring on 21-Aug-2020, there is a 34.39% likelihood that the underlying will close within the analyzed range of $10.41-$13.46 at expiration. In this scenario, the average linear return for the trade would be 59.83%. Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, PARSLEY ENERGY INC was recently trending, indicating that breaking news and/or market activity has significantly impacted sentiment toward the stock. This movement can be interpretted as a sign of more near-term price movement for the underlying. Trade approach: The recent sentiment change in PE on StockTwits appears to be moderately positive, indicating that the stock is likely to follow in that direction for investors trading on sentiment. As a result, a bullish strategy could prove effective if the sentiment ultimately turns out to drive trading. Upside potential: Using this bullish strategy, the trade would be profitable if PARSLEY ENERGY INC closed at or above $10.30 on 21-Aug-2020. Based on our analysis, there is a 51.99% 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.