Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Long Risk Reversal trade opportunity for OLIN (OLN) for the 30-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. OLN was recently trading at $14.60 and has an implied volatility of 60.39% for this period. Based on an analysis of the options available for OLN expiring on 30-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $14.60-$17.06 at expiration. In this scenario, the average linear return for the trade would be 14.51%. Big 8.07% Change: After closing the last trading session at $13.51, OLIN opened today at $13.71 and has reached a high of $14.62. Trade approach: A movement as big as 8.07% is a significantly bullish indicator, so this trade is designed to be profitable if OLN maintains its current direction and does not revert back to pricing on the bearish side of $14.60 on 30-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 OLIN closes at or above $14.40 on 30-Oct-2020. Based on our risk-neutral analysis, there is a 53.55% 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.