Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Short Risk Reversal trade opportunity for ANTERIX INC (ATEX) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. ATEX was recently trading at $40.64 and has an implied volatility of 69.29% for this period. Based on an analysis of the options available for ATEX expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $33.40-$40.64 at expiration. In this scenario, the average linear return for the trade would be 38.05%. Big -12.28% Change: After closing the last trading session at $46.33, ANTERIX INC opened today at $44.28 and has reached a low of $39.96. Trade approach: A movement as big as -12.28% is a significantly bearish indicator, so this trade is designed to be profitable if ATEX maintains its current direction and does not revert back to pricing on the bullish side of $40.64 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 bearish strategy, the trade would be profitable if ANTERIX INC closes at or below $40.65 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 50.03% 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.