Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Long Risk Reversal trade opportunity for ANTERO RESOURCES CORP (AR) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. AR was recently trading at $3.17 and has an implied volatility of 90.15% for this period. Based on an analysis of the options available for AR expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $3.17-$3.95 at expiration. In this scenario, the average linear return for the trade would be 35.39%. Big 7.29% Change: After closing the last trading session at $2.95, ANTERO RESOURCES CORP opened today at $3.06 and has reached a high of $3.17. Trade approach: A movement as big as 7.29% is a significantly bullish indicator, so this trade is designed to be profitable if AR maintains its current direction and does not revert back to pricing on the bearish side of $3.17 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 ANTERO RESOURCES CORP closes at or above $3.15 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 50.87% 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.