Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Short Risk Reversal trade opportunity for OPKO HEALTH (OPK) for the 30-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. OPK was recently trading at $4.24 and has an implied volatility of 86.46% for this period. Based on an analysis of the options available for OPK expiring on 30-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $3.49-$4.24 at expiration. In this scenario, the average linear return for the trade would be 26.60%. Big -8.23% Change: After closing the last trading session at $4.62, OPKO HEALTH opened today at $4.58 and has reached a low of $4.21. Trade approach: A movement as big as -8.23% is a significantly bearish indicator, so this trade is designed to be profitable if OPK maintains its current direction and does not revert back to pricing on the bullish side of $4.24 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 bearish strategy, the trade would be profitable if OPKO HEALTH closes at or below $4.55 on 30-Oct-2020. Based on our risk-neutral analysis, there is a 64.19% 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.