Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Long Risk Reversal trade opportunity for GOLAR LNG (GLNG) for the 21-Aug-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. GLNG was recently trading at $7.89 and has an implied volatility of 83.61% for this period. Based on an analysis of the options available for GLNG expiring on 21-Aug-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $7.89-$10.00 at expiration. In this scenario, the average linear return for the trade would be 25.22%. Big 9.28% Change: After closing the last trading session at $7.22, GOLAR LNG opened today at $7.17 and has reached a high of $7.93. Trade approach: A movement as big as 9.28% is a significantly bullish indicator, so this trade is designed to be profitable if GLNG maintains its current direction and does not revert back to pricing on the bearish side of $7.89 on 21-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 GOLAR LNG closes at or above $7.15 on 21-Aug-2020. Based on our risk-neutral analysis, there is a 66.14% 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.