Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Long Risk Reversal trade opportunity for GSX TECHEDU INC (GSX) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. GSX was recently trading at $100.93 and has an implied volatility of 92.30% for this period. Based on an analysis of the options available for GSX expiring on 16-Oct-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $100.95-$132.33 at expiration. In this scenario, the average linear return for the trade would be 72.08%. Big 10.77% Change: After closing the last trading session at $91.12, GSX TECHEDU INC opened today at $92.66 and has reached a high of $102.05. Trade approach: A movement as big as 10.77% is a significantly bullish indicator, so this trade is designed to be profitable if GSX maintains its current direction and does not revert back to pricing on the bearish side of $100.93 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 GSX TECHEDU INC closes at or above $97.95 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 54.43% 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.