Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Long Risk Reversal trade opportunity for OPERA LIMITED AMERICAN DEPOSITARY SHARES (OPRA) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. OPRA was recently trading at $8.56 and has an implied volatility of 94.13% for this period. Based on an analysis of the options available for OPRA expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $8.56-$12.23 at expiration. In this scenario, the average linear return for the trade would be 55.60%. Big 7.00% Change: After closing the last trading session at $8.00, OPERA LIMITED AMERICAN DEPOSITARY SHARES opened today at $8.05 and has reached a high of $8.61. Trade approach: A movement as big as 7.00% is a significantly bullish indicator, so this trade is designed to be profitable if OPRA maintains its current direction and does not revert back to pricing on the bearish side of $8.56 on 16-Oct-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 OPERA LIMITED AMERICAN DEPOSITARY SHARES closes at or above $8.45 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 51.48% 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.