Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Long Risk Reversal trade opportunity for BERKELEY LIGHTS INC. (BLI) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. BLI was recently trading at $77.50 and has an implied volatility of 100.42% for this period. Based on an analysis of the options available for BLI expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $77.50-$95.22 at expiration. In this scenario, the average linear return for the trade would be 38.19%. 52 week high: BERKELEY LIGHTS INC. recently reached a new 52-week high at $80.88. BLI had traded in the range $50.26-$77.99 over the past year. Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if BLI maintains its current direction and does not revert back to pricing on the bearish side of $77.50 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 BERKELEY LIGHTS INC. closes at or above $76.65 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 52.15% 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.